It would be great to put our expertise's together someday!

More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)

Good luck and Happy Bidding.https://www.tax.newmexico.gov/businesses/property-tax-overvi...

So not sure if this makes any differences for tax reason buti was thinking of using my 401k money as a loan towards the down payment for a multifamily rental.

Figure out if rentals are allowed, how much the rent is and write out all of your costs (insurance, HOA, mortgage, taxes, etc). 

Hello,I can share with you that in Belgium you need to hold property after 5 years of holding to avoid payment of tax.

Prices are generally cheaper, there are no caps on rent increases and there are no property transfer taxes.

If I am the only one materially participating in STR, can we deduct STR depreciation from my spouse's income if we file taxes jointly?

We have land (already paid off and just pay property taxes) but just haven't bought the home to place on our property. 

The seller must not have sold a home in the last two years and claimed the capital gains tax exclusion."