Quote from @David Shirts: The first thing you need to do is unload this property that is losing you money.

Also, if the property appraises for 900k, would the 100k built in equity satisfy the equity requirement or does it have to be new money? 

As my CPA says though...bad news is you're paying more taxes, good news is, it is because you made more money, or I guess on the property side you achieved appreciation.Downsides-cost of entry higher than some parts of the country. 

You are on the money.

I had to actually chisel through concrete to get to the fixture, took three days to remove enough concrete to replace the fixture, it is a pain and I hope yours turns out to be leaky faucets.

They believe hard money lenders lend down payment money4.

This is the same amount that you can rent in Hutto haha. 2- Even if the rent is higher, you pay way more money for the property (compared to Round Rock or Cedar Park) for just $100-$200 more in rent.

Money in his pocket.

I’m trying to buy a house in Phoenix using a second home loan, putting 10% down.I'm trying to understand why anyone would choose the 2/1 buydown if you end up paying the same amount of money, whether you select the 2/1 buydown option or not.

He did not know about low cost options or raising money.