Either I make a loss of $5000 deposit or pay extra $6300 to keep the same cashflow numbers in proforma the sales man showed me.I'll update my further experience here.

Also if they use house hacking they would have the other tenant that's paying rent would also be technically paying half of the mortgage as well.

Thanks in advance.Entitlement risk is huge so some developers will be willing to pay a lot for shovel ready. 

Tax Strategies- Tax Deductions: Ensure you're taking full advantage of tax deductions related to mortgage interest, property taxes, maintenance, and depreciation.- Consult a Tax Professional: Work with a tax advisor to develop strategies that minimize your tax burden and maximize after-tax returns.10.

Without that, you have to be able to not only pay your own expenses, but also your first rental plus your second rental mortgage (at least on paper) with your other sources of income (ie money from your W2 job).  

.: You do not need to pay a coach to do this.

It would be rental property to my parents and I would pay a 60% market rental rate and I would also pay the loan.

Take it or leave it, but it may save you some time with "tire kickers" reaching out to see all your info, just to come back with "I will pay your $5-10k" for your $100k investment.

Hello,Does anyone know if you can take a tax deduction for closing costs on the purchase of a rental property? 

Simple question for you tax gurus!