When deciding whether to sell the rental property or buy out your partners, consider factors such as the current market value of the property, any outstanding mortgage or debts on the property, the potential for appreciation in the future, and the rental income generated by the property.Calculate the amount you would need to buy out your partners and compare it to the potential profit you could make by selling the property.

That's not including tax benefits.

so it sounds like you're planning to buy properties that won't support the debt and expenses as standard long term rentals, but will if you rent by the room?

Share your assumptions below for a tailored model and insightsNeeded: Rent, Rental Growth, Occupancy, Interest Rate, Loan Amount, Property Tax, Maintenance Expenses, Purchase Price, sum of all Closing Costs (including commission), HOA Fees, and Renovation Costs.

Although they do have homeowners that are consolidating debt, that isn't their primary customer.

The best differential between NY/NJ investing and PA are the taxes.

I would like to know if this is a deductible expense on my taxes.

Depending on your amount you may want to consider a debt fund too as its less work and your money is deployed/paying you interest so you do not have to keep finding deal after deal. just some food for thought

The house is a 3b/2ba 1,895 sq ft home but an additional sunroom built in which brings sq ft up to 2,055 (based off tax records my agent found).

Im not familiar with the specifics of the USA + Mexican tax treaty, but this article is a great place to start: https://www.cpasforexpats.com/post/us-mexico-tax-treaty#:~:text=The%20US%20Mexico%20tax%20treaty%2C%20signed%20in%201992%2C%20serves%20as,according%20to%20their%20respective%20laws.