At this point I’m looking to take out some capital and use it for investment purposes, hopefully in the next month. 

If you use the new rental mortgage for an investment or a business purpose, then yes it could be deductible.  

I can’t afford anything in the NY Metro Area at the moment, so I’m exploring areas in:my home state of Vermont (Southern VT mainly)Keene, NYPittsburgh, PA where my brother livesKingston, NY (Upstate NY area/Catskills)North Adams, MA (college town)I’m trying to stick to areas I have some ties to since it will most likely be an out-of-state situation with a property manager.My goal is to buy a 2-4 unit property that is in decent shape, rent the units, and have one unit for myself to come to when I want to get away from NYC.I’ve been running numbers on both the rental property calculator and the BRRRR calculator with varying results.

Originally the purpose of purchasing this house was NOT to use it as a rental or to produce significant cashflow.

My main questions are, how should I go about pitching the idea of seller financing to the owner?  

Of course, the main issue we seek to tackle is how to best limit the liability of the parent company - and the attorneys that we have spoken to claim that 1) "this is out of their league" or 2) are unable to provide any specific insight on the specifics of the legal structure.

There was no sign, and the bushes were so overgrown the house was almost unnoticeable...and it sits on the main road through our small town, just 2 blocks from my commercial building. 

The PNT who is in Seattle cannot meet in person to see the place and wants to discuss more information over the phone.My main question for the BP community is how do I go about entertaining both of these tenants interests in the new place?

I'm trying to learn as much as possible about financing and my local market.Tom Murray, yes SFR flips will be my main focus to start.

@John Newburg, whatever portion of your primary you elect to utilize "for business/tax purposes", be mindful that the same portion will be excluded from capital gains exemption, when selling your primary (afaik).Something to think about?