Our originator did say that if were to have had any child care deductions on our 2014 taxes the VA might not have accepted that ratio.

But as I understand it, if you cash out money from a rental and don't reinvest it into more real estate, then the interest on the loan that you refinanced is only PARTIALLY deductible.

We carry $2,500 deductible with $1MM in liability coverage and full replacement value.

FHA is usually much tougher and most likely used the market approach and deducted for the bath......and one other comp could cause that.There are different reasons for appraisals, a client wanting one to find a market value could be for various reasons and can come in higher than for loan collateral purposes.Not good to pay for an appraisal as that makes you the client. it can't be used for anything else but for your purposes.You can pay a lender to order one and they can hold it "open", you advertise and throw in the appraisal cost allowing a borrower to go to that lender before it expires, if it does expire, you can have it updated.

He said that with the deductions he could take for it combined with what he could sell it for used after 5 years he could basically use the thing for 5 years for free.Be 5hat as it may, PM me with what you are looking for and where.  

I got a book recommendation from the site (Landlording on Auto Pilot by Mike Butler) and I am implementing some of his systems to decrease vacancy and increase revenues.All of this is well worth the minimal (and deductible) cost of a BP membership!

The other co-owner has a Federal Tax Lien levied against him.

Payments are also automatically deducted from your paycheck so as long as you have sufficient monthly income you may not even "feel" the effect of paying back the loan. 

s suggestion of offering to pay for it up front and then deduct the cost from rent over multiple months.While a huge dog can certainly be an issue when trying to rent, it isn't always. 

After you deduct the purchase & closing costs, renovation costs then the selling costs will you meet your profit margin requirements?