There really isn't enough information here for someone to give you a proper answer.What you need to do is calculate those tax savings over the next 5-7 years (or however long you plan to stay in the house) vs. what the interest rate reduction will save you over that time period.

You can always raise it again in 12 months on their next lease. 

We're looking at downtown homes with pools or homes near the beach. 

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

Hi Sasa, welcome to the BP community! 

I've taken a couple real estate courses but Big Pockets is the best and I have been binge watching for the last 2 weeks and im super excited to start investing im looking to do the Brrrr strategy and looking to pick up small multi family properties and possibly off market flips. 

. :)The best book I've read is "The Unofficial Guide to Real Estate Investing" by Spencer Strauss.

My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.

Thank you very much for the information.

The agreement should list the owner by name, then list the property manager as the owner's agent.