Are mortgage points paid on a rental property deductible the year the property was purchased, or do they have to be depreciated over the life of the loan?

I've always told clients if you can see a black line no matter how thin between the planks they are installed properly and need a little attention.

The mortgage is assumable upon their demise (and at a rate lower than those currently being offered). 

It's a fantastic strategy to pay down debt.Assemble a team of professionals, including a real estate agent, mortgage broker, and possibly a property manager.

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

I was able to use the rental income to pay off the mortgage on the property and generate a steady stream of passive income each month.

Brook,You can buy a Second Home/Vacation in multiple states you just cannot buy more than (1) second Home/Vacation home in the same general area.My investors take advantage of the 10% down loophole and its really just a matter of upfront planning with your Banker to ensure there is a proper plan in place. 

With the new guidelines that came out with Fannie Mae back in November, you can now put 5% down on up to a 4-unit property with conventional mortgages. 

If his lease ends soon, make sure you give him proper notice (it might be ninety days) that you’re not renewing. 

Helped us pay off the mortgage, now we are paid to live here after paying all expenses like taxes, insurance, utilities,  internet,  etc👍