Last I checked the end of 2013 is the last year the IRS will allow the mortgage interest deduction which is capped at 100k income and phases out completely past 110k adjusted gross income.

Cyrus -The 70% ARV formula is designed to be a rule of thumb and not exact.The 30% remaining is designed to be divided as follows:10% for sales costs and closing costs10% for cost of financing10% profitPeople who can get financing cheaper or save on closing costs can adjust the formula or would make more profit.

I have a strong background both in construction and architecture.

I would like to throw my construction company's hat in the ring for the Portland Oregon area.

He can adjust the replacement value down low, lowering our premiums... but then how much is enough to rebuild?

I currently own a small construction company and I'm looking to start investing soon.

If it's a new construction freshly rehabbed it would sell for $225k-$300k depending on where its located but older houses that are newly rehabbed sell for $200k-$250k.From a buy and hold side I would never want to be higher that 65(maybe 70%) LTV and with this model I don't see why I would ever have to.

He is involved in the construction industry and has a few rental properties.

Figure out how to make adjustments so the job doesn't consume you.

If I had $100k and needed it to throw off $72k, I'd buy a lot for $70k-90k, borrow $200k via construction loan, build a spec house, and sell for $350k-$375k.