You can write off the investment related interest even if it is funded by the Heloc.But if you will take standard deduction, it doesn’t matter.If your itemized deduction were greater than standard deduction (24k if married in 2018), you could deduct the interest you paid on the heloc to the extent of your net investment income. 

My question is, are advisories such as this standard in any real estate transaction?

My estimated monthly expenses (mortgage, taxes, insurance, PM fees, potential maintenance costs) comes to $2,040.

. - standard disclaimers about questions apply.Thanks very much.sw

Hi Guys,I would like to get recommendation for home owner insurance companies which can provide a good quote for rental properties.

You need a purchase and sales agreement or standard real estate contract between you and the seller. 

I was wondering if anyone has dealt with flood insurance?

I was wondering if anyone has dealt with flood insurance?

What would the mortgage payment be with taxes and insurance included versus your current rent payment? 

What I am saying is, you need to do what works for you, not what makes your realtor happy.If you can't buy a house in your market with an inspection contingency, you had better figure out how to insure the house gets inspected one way or the other.