I'm interested on hearing the perspectives around this as well...BTW: here's one article outlining the most current proposal - https://www.pbs.org/newshour/politics/watch-live-whats-in-the-tax-plan-put-forth-by-house-republicans

Nobody has anything good to say about these proposals. 

However I did just read in USA Today this morning that they are proposing a $500k cap on the mortgage interest deduction.

An additional change proposed in the House Bill. 

With the proposed reduction of the Home Mortgage Interest Deduction to $500k in the GOP Tax plan, wondering what the affect will be on Real estate in States with High Home prices: CA, NY, NJ, HI etc.

@Tiago Martins IF I understand correctly, you're proposal is to lie to the lender in order to get the loan.That seems like the textbook definition of mortgage fraud.

There are plenty of loans you can get for SFDs that are more commercial and will not be treated the same as a residential loan that must adhere to Dodd Frank and other legislation.

I continued to reach out to P1, but she did not want the proposed scenario. 

Lastly, I agree that using leverage is really the best way to maximize this, but I don't feel comfortable proposing to them a partnership when I am still very new at this game.

I want to propose deals to my mentor for them to be able to close and expand their portfolio.