I do question if students will be willing to move out for the fairly short winter break and if that will result in reduction of rent you can obtain from the students.  

Hello Darrel,I am active duty myself and I currently have a property, which I acquired with a VA loan, that is being rented.I have also refinanced this same loan, which resulted in a reduction in my interest rate (4.75% to 3.75%).After living in the home for about three years I received orders and consequently hired a property manager to handle my soon to be rental.

Have a goal for doing this by a certain date.If you and your fiancee can manage thru the spending/debt reduction plan, then you'll have a far greater chance of being a happily married couple and a successful real estate investor.Best,Rick

There is no gaurantee that it will work, but even a smal reduction could make a huge difference

Hello BP community, I am looking for advice confirming what I think I know about tax advantages with rental income and help filling the gaps on some of the tax advantages/strategies that I may be missing.To begin, I believe the rental income counts as regular income (correct me if I am wrong).What I know already about tax liability reduction strategies are (correct me where I am wrong):Mortgage interestMortgage Insurance (PMI if applicable)Property InsuranceProperty taxesProperty depreciationProperty HOA (if applicable)Property capital and maintenance expensesQuestions that I have about tax reduction or write-offs:Can we use the debt (mortgage payment) as a write-off?

Is it possible to include that price reduction in the original loan amount?  

Other than 1 client that negotiated a settlement for a reduction of 25K on that settlement & is receiving monthly interest payments on their principle...

My questions are:  What is the best way to go about a tax reduction? 

The winter market has been slow and we have been on the market for over 2 months with a significant price reduction. 

The reduction in labor costs will make up for the increased transportation and building costs.