You have to refinance your first home and do FHA on your second one.

The top ones we see in our bookkeeping firm and that I've experienced personally doing BRRRR's are overleveraging and romanticizing the cash flow. 

I'm particularly passionate about central Florida, where we use to live and where we currently live.Outside of real estate, I enjoy flying as a professional pilot, spending time with my family, and traveling.Excited to learn and connect with you all!

My question is, if we take a cash out refinance from one property and pay off a second property; by virtue of interest tracing rules is the interest deductible on the second property.The reason I want to do this is because it improves on the title/closing costs for the one property while still leveraging the highest value property.

Would like to keep the property for down the road, but realizing I might be better off to get a place in town with more space and try to turn this place into an investment property for the time being instead.

Hi Zach, do you have some time this evening to chat? 

Do NOT set a time for your first deal.

There's one reason and one reasonly only it isn't renting and thats price. 

We quickly switched to a new provider that allowed for rental properties, and everything worked out fine in the end.Now I know—next time, I’ll make sure to update both our insurance and lender before or immediately after converting a primary residence into a rental!

If you solve his problem, chances are he won't care that you solve yours at the same time.