I know I could rent it for $500 over the mortgage, but I don't want to commit mortgage fraud obviously.  

When I was 16, I saw my parents real estate investment take a turn in assisting them pursue financial freedom and when I was 17 I saw the effects of bad mortgages on a close extended family member.  

Labor is cheaper (in Eastern NC compared with a large city) but materials cost mostly the same anywhere in NC.  

We currently have a couple of SFR rentals up here in the WA area (Snohomish County) and are looking to increase our portfolio... but now I'm a bit torn on whether we continue to invest here in WA or if we look to AL now that we will likely be moving there by next summer.Pros and Cons that I've weighed for investing in AL as opposed to WA:Pro -1.) it's cheaper!!

I know I can't write off the lost income, i.e. if it'd rent for $2,000 a month, and I donate the use of it to the church, I can't write of the $2,000 as a charitable gift.I know if I just treat it as a 2nd home, I can write off the mortgage interest and property taxes, but how do I set it up so I can write off the entire mortgage, insurance, utilities, etc?  

How much is the mortgage remaining?  

Looking to buy in Greater Reading/Berks County, PA using traditional mortgage financing.

Inspection cost-Lender fees-Closing cost-Mortgage payments-Property taxes-Utilities-Insurance-Commissions-Selling closing cost-Home warranty-Termite letter-MLS fees-

Talk to a good mortgage officer.

Hey,I am very interested in transitioning from being a mortgage underwriter to becoming a real estate investor.