Just objectively look at what kind of sh*t can hit the fan and make sure you are okay with that possibility.

I agree with Derek; it really depends on your business objective.

I agree in principle, Account Closed - and up until 2 hours ago that was my plan.

Just attached a heavy object to the end and drop it don until it hits bottom.

Or do you just put a certain amount down on the current principle loan until it is paid in full.

.+$950 Rent-$ 100 Taxes-$ 50 Insurance=$ 800WE see that this tenant can afford to pay $800 for principle +Interest and by the time they pay another $150 for taxes andInsurance their payment to own is equal to what they were payingfor rent.

And the IRS really doesn't like tax deductions, much less those that don't accomplish their stated objective.

Thanks @Dion DePaoliMy objective is to hold the property for 5-10 yrs so I was thinking of an ARM.

Now I'm feeling like I'm making a decision based on my heart and not on business principles.

and add to the mortgage balance, attorney fees, back interest and penalties, could be thousands more than the principle balance.