I am in the middle class and am using the depreciation deduction (and someday 1031) to better my family's financial position.  

In many cases, you could also drop down to a 25 year fixed, keep your payments ballpark the same (higher P&I payment, but no mortgage insurance, so a wash), but end up debt-free years sooner.

My wife (who is anti-debt oddly enough) prefers to use financing up front to purchase to reduce the cash invested. 

I then look at the balance being foreclosed on and how old the note is to get an idea of whether the house is financially underwater.

That will let you know your monthly payment and renting these out will cover your debt service.  

Henry is a wonderful negotiator, firmly had his investment goals in mind and was totally prepared to make offers and close deals.The investors that are best prepared knowledgewise and financially get this best deals.Very proud to have spent time withHenry...i think we learned a lot from each other.

I want to take control of my financial future, as well as control of my time.

In this area, that is over 100K in cash which could easily take 5-10 years to accumulate with other debts like student loans, car loans, rent, marriage, etc to pay for even if I do slim my spending down to just the necessities.

Hi, my name is Antonius and I'm looking to build and create wealth to become financially free.

I've been brainstorming for a while now and maybe it's just a natural aversion to risk, but it seems like the only option is to hold where I am and get back financial footing before moving on to the next purchase.Any help is appreciated!