You can always take a higher deductible to the help lower the rate as well.

Once that figure is established then one subtract following costs: 1.Sale Cost (Commission and escrow)2.Carrying cost (Loan cost)3.Fix up cost4.Desired Profit5.Purchase escrow costAfter one deducts all the above costs from the projected sale price one ends up with recommended purchase price.You can call me if you have any other questions.Good luck,George

Buy 73,000Rehab 20,000Private funding cost 6000All in 99,000Appraisal 140K, could cash out refi, but want to keep cash flowRefi in 6 months Rent 1350P&I 738Taxes 250Ins 50Cash flow 312Plus mortgage pay down, interest and property tax deduction and depreciation.Return is even better then just cash, it’s a business.No money of mine in.  

The money you spend in paying down principal is not a deductible expense.

You could make the case that the tax benefit of being able to deduct your interest is an advantage but unless you have roommates or renters (house hacking) it is not an investment.

Is that money tax deductible?

Or, have you maxed out all tax deductions (IRA and/or Roth IRA contributions, HSA, etc)?

Unable to determine if it was the recent ex boyfriend that some say was short tempered, would I be able to charge tenant or deduct it from deposit?

Expenses associated with the owner occupied portion are not deductible as business expenses.

My question is this, Im assuming that moms portion of the property will be increased to full step up when she passes and that part of the property will be inherited by all of Moms 5 children; however,  what will happen with my and my brothers portion of the property and will we be able to take 250k deduction each for capital gains?