I always look at New Jersey as a state with expensive homes but with that we also have expensive rents. 

Pays for my prime resident taxes, and living expenses.

Do you have office/business expenses?

The general rule of thumb, called the 50% Rule, is that non-mortgage expenses will cost you around 50% of the rent.

But as mentioned even this plan will probably double your interest expenses. 

I would recommend LLC with its own bank account to keep expenses and income separate.

Median sales of houses sold in the US in 2023 is 13% less expensive than in 2020.

Paying down your mortgage and owning an asset that will appreciate over the long term.If you are paying close to what you pay in rent to cover PITI and expenses then owning a house is a much better financial decision than renting.

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Effectively, record every expense, Home Depot run, check written for labor.