Types of investors who want to find hard money lenders include:Investors with high debt-to-income ratiosProperty investors who cannot get a loan from a traditional lender or bankInvestment property developers who need fast access to fundsCommercial property developers who need a bridge loan but cannot get one from a traditional bankSometimes, homeowners facing foreclosure may utilize hard money loans to avoid losing their homes.https://www.biggerpockets.com/blog/how-to-become-a-hard-mone...

If you're weighing between purchasing a primary residence and renting spare bedrooms versus buying the entire property, which is more tax write off advantageous. 

However, when I contacted the township's tax department, they state that the property tax should not increase that much.

Title issues, seller issues, non-refundable deposits, no inspection period, lending issues, appraisal issues, liens, IRS liens, city liens, no wills, unpaid back taxes, solar liens, and all kinds of other crazy stuff.   

HI Mary,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

our deal flow has increased significantly, and our income is up almost 100%.  

I could sell the property on the market but I think after fees and taxes, I would be at a loss.

Example belowwe found a house for 900 a month rent Asking price was 59900. taxes 1400, insurance 800, renovation budget 25k mostly cosmetic and minor fixeswe went into it expecting a 15% return on our cash out  that gave us a expected cash out loan around 75k to get our 1.4 dscr   When we plugged our numbers  we could go over 47k on our offer to make the deal work  we offered 43 and got counter 47,5  we took the deal assume a slightly lower 1.38 dscrthe key is to scale and be selective on tenants AND not allowing pets (you can offer them but suggest crazy fees to cover yourself)  500 pet fee, 25 a month per pet etc.  

If that is the case I will be missing out on significant tax savings.

However if you decide to get those new power tools you want on the business credit card and your business is a tax firm like us, its going to be hard to justify to the IRS (and your wife) why it was a valid purchase for tax purposes.