If your employer offers a contribution match, take advantage of that but only to the match limit.

Account Closed mortgages are usually created by mortgage brokers (especially due to new limitations set forth in the Dodd Frank act from what I understand) and mortgages are amortized over a certain period of time. 

The expenditures included in the total acquisition cost must be fully documented by theborrower.When the installment land contract was executed more than 12 months before the date of theloan application, Fannie Mae will consider the mortgage loan to be a limited cash-out refinance.In this case, the LTV ratio for the mortgage loan must be determined by dividing the new loanamount by the appraised value of the property at the time the new mortgage loan is closed.

Hi Ashish, cash offers can be very powerful, especially when framed properly.  

(Attorney specializing in predatory lending said that statute of limitations has expired since 2006) Thank you!

@Karen Higgins Short answer: If you OR your husband are not a 'real estate professional' then unfortunately there is a limit to how much of the passive losses created by depreciation (accelerated or not) can be used to offset your 'active' income.

My current hurdle (and I'm imagining this to become more prevalent with the federal limit on property tax write offs) is that our exposure with the LLC. having a free and clear asset is large and homeowners insurance is denying us when I ask for a LLC.

Getting the student loans refinanced, starting to save for the down payment, and then understanding your buying power are your 1st steps.

A couple that I personally liked were The 10x Rule, Rise and Grind and The Power of Broke.

There are several more you should ask, but I was limited to 3