Keep in mind that ALL mortgage interest is tax deductible. 

if you just buy a standard LTR with a conventional mortgage, you'll be break even or negative in most markets, and your down payment will sit there doing nothing.i own a condo in Stamford, and i plan to start doing more in Fairfield County in 2025 when i have more time. 

It is such a great way to get at the equity and still keep the really good underlying mortgage in place.  

I financed it with the help of a friend that owns a mortgage company.

It most certainly exists with ARV guidelines. 

So for example if you have a house under contract for 50k and they don't owe anything on their mortgage but have an outstanding lien of 15k, the 15k lien amount gets deducted from the 50k at the closing table.

If the basement was finished it would be about 1,500 sq. ft.Option 1- Fix & RentCost of Repairs: $10,000 (Estimate to get the house rent-ready, would leave the basement unfinished)Market Rent: $1,100Monthly Profit: (Rent $1,100) - ($700/month) - (8% property management cost is $88) = $612/month Other Benefits: Tax write-off, continued appreciation, continue to pay off mortgage, risk-management against my other rental property, passive income.

In Los Angeles I added to my addendum that no pets are allowed but should a pet exist, the rules are a, b, and c.

On the east side, in Redmond, we are currently living in a property worth probably 1.6 with about 600K outstanding - and a monthly payment of about 4K including mortgage, insurance, property taxes etc.Looking to leave the area.Does it make sense to rent it out given that I’ll probably get 4K in rent?

I would then turn it into a rental.1- First off, I am having a hard time wrapping my head around the fact that refinancing out of the loan amount would make my mortgage higher.