That effectively lowers the mortgage rate you are paying.I believe your primary mortgage interest + state/local taxes must be below $10,000 to be fully deductible and you have to overcome the standard deduction value to get practical value. 

It's an easy and cost effective way to accomplish exactly what you're describing.Congrats on your equity filled property. 

Renting your house out without informing the insurance company may effect your coverage if something happened.

Can purchasing a rental property, cash deal, effect my ability to purchase a primary property.The cash purchase has no impact on my seasoned funds or my down payment because I’m utilizing my VA certificate to purchase my primary property.

The most important thing is to have boots on the ground who can show up to sellers appointments and have people who know the intricacies of the neighborhoods where you are buying so you can gauge ARV's and offer prices effectively.

That turned out to be incorrect, but not necessarily 'overpaying' In my experience, you cannot effectively self administer commercial leases.

Many individuals of power want to voice their opinions and push measures to make things "better" yet they aren't involved enough in the business to understand what happens day to day and how these measures effect the big picture.

The business effectively ran itself and he was making a great ROI.

@Nicky Reader while I am a firm believer in the effectiveness of neti (autocorrect just corrected neti to meth) pots, you need to make sure that the water that is being used is clean.

If condo beware if the condo assessment that may not be a lien yet but they can lien later.I had taken deed in lieu in Florida but my attorneys prepared a settlement agreement and also has inserted a language into the deed that it will not merge into the title held by my Co; said mortgage shall continue in full force and effect until satisfied by my Co.