One could also base it on an independent appraisers report or other basis that can be reasonably justified. 

That's a really rough summary and just based on my recollection, but the point is there are solutions available. 

Any "ward" in Houston should get some questions going, but majority of Houston based agents will push this ad nauseum especially the one's on here and have been the better part of the last 2 years. 3rd ward for MTRs, STRs, and travel nurses and 5th ward for fix & flips; but only an idiot would buy a 5th ward property without doing their diligence.

I'm a licensed builder in NC based in Shelby with quite a bit of experience.

Owner has paid $40,000 in interest in 2023.The owner is limited to $750,000 in deductible interest.For the purposes of calculating the limited interest deduction, should the total mortgage debt owed be $800,000 (the mortgage on the individual unit) or $1,000,000 (the sum of the mortgages on the individual unit and the owner's share of the underlying mortgage)?

Being a Helco and I'd be buying a property and adding debt to the helco.

  #1 employer is the state government with the capital here, and the #2 employer is the Federal government with 3 military bases. 

Looks like Charlotte allows up to 6 unrelated residents, based on what I found here: https://charlottenc.gov/planni...

We are now producing over $200k year gross income with $83k debt service.

@Sam Booth Yes to the Oil based Kilz on the sub flooring or something similar to help kill the odor.