Loans taken out before this date are generally grandfathered in and not subject to the limitation.Purpose of the Limitation: The $750,000 cap was implemented as part of the Tax Cuts and Jobs Act (TCJA) primarily to limit the deductibility of mortgage interest on newly originated loans and to simplify the tax code.

I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR,  the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?

So I was looking for a quick/responsible person/family to rent and take very good care of the house and treat it as his/hers,if you can promise us that you are going to take very good care of the house you have no problem with us.The house is located at ( 156XX 60th Ave N, Plymouth, MN 55XX ). 3beds 1baths The rent is $800 security deposit payment to move in asap is $700,Attn : The rent are including the Utilities are intact such as Dishwasher,Dryer, Electric Stove, Fridge, Washer,Air Condition,Sewage,Trash,all included in the monthly rent,as i am in a governmental programmer that sponsors my utilities on monthly basis etc..

If you let people live for free, then a certain contingent of bums and losers are going to do so, and you are going to make life infinitely harder for the other people who are on the edge but working as hard as they can to keep from falling off the precipice.

If so, you'd probably pretty familiar with the process and it would be a good idea to do another house-hack if you had a good experience from it.In general, if you're out of pocket-payment is less than the rent you would've had to pay, it's not a bad idea to do a house-hack.

Run of the mill won't cut it. 

I have a zestimate for $2,780 payment but instead I'm paying $3,798!

It can serve two purposes, provide a roof over your head and still provide some income to OFFSET your LARGE MORTGAGE payment, since you are considering putting 5% down.  

Tenant in CA is also always always more credible.To cut the story short, my buy box is buy in area where DOM < 10 days, avg price > 700k.

Who is on the insurance, who gets to decide when to sell, when to cut your losses?