Among the benefits of this are:1) you can claim the deduction even if you do not itemize your tax deductions2) it can lower your AGI, which may make you eligible to claim additional tax deductions or credits

I was wondering if anyone had any valuable input on what to ask a small credit union if I’m looking to take out a loan to buy a property....I don’t have an LLC, I do want to own property as a business, I have good credit ~780, I live in Columbus Ohio, I have two full time jobs; turnkey is ideal....

After credits I actually brought less then 10% to closing on the apartment complex.

It seems like cash-on-cash percentages can vary much more dramatically than a mortgage rate, and so perhaps it'd be worth holding out for some 'better' property.

Should I be asking the seller for a credit?

I was hoping to increase the purchase price to the appraised value and request a $11k credit for repairs.

good morning BP hey im a newbie in REI, and to be honest my. credit isnt good and my i owe more than i make, is there still a possible way for someone in my position to actually start to invest?

@Samantha SwensonI think this question is more complicated than many give it credit for but most on these boards are heavily invested and thus have their outlook which is not necessarily wrong but can be a little more on the positive side. 

Great points made all around, but one of the primary factors to house hacking is to get "primary residence" rates on a house that eventually becomes an investment property after you occupy it.In order to make an informed decision for your scenario, ask your lender to run the actual numbers... taking into account your credit, down payment, property type, primary vs. investment property, etc.

I totally agree with you.. a sponsor should be more than willing to let an investor run a background on them and credit. why not its usually a good portion of your life savings.