Are there other ways to reduce my mortgage that I am not aware of (besides refinancing)?

Delaying the closing to 2025 would reduce the bonus depreciation rate to 40% (unless Trump changes it).This post does not create a CPA-Client relationship.

Partnering with others can reduce risk and access better deals.

A roommate can offset costs, reducing the $600/month shortfall.

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

I think your income easily justifies a common-sense, time-proven method: increase earnings, reduce expenses, save, and invest.

I would tell folks at the time with 30k brand new homes that Lehigh was probably one of the cheapest places in US if not the world to live everything considered US medical and fire and police etc etc and no state income tax.So here we are today de ja vu all over again with hundreds of investors stuck with half built houses and a the vast majority of all these were spec for rental purposes not to live in..

You cannot beat the power of an ADU for peace of mind, leveraging your home to pay less monthly and reduce your expenses and give you the experience and confidence of doing constriction, getting permits and working with the city and managing a very easy rental.

House hacking is a great strategy for beginners—it lets you reduce your living expenses while building equity.

sometimes to reduce borrowing costs, I'll use a hard money loan solely for the purchase, and then pay for the rehab in cash or use a 0% credit card (I don't recommend that for new investors!)