Deductible: This is not a coverage but rather your portion of a claim.

My situation is not as dire which I can afford a down payment and have not an obliterated credit.I’m intrigued with the using debt to increase wealth and I’ve got all my ducks in a row but just needed some questions answered.Unfortunately I’m no longer eligible for VA benefits due to an issue involving my ex wife(typical Jody story), although I just need to quit being lazy to just square away the issue since a certain has already passed.

yes you would be eligible 

Would the tax deduction for performing the repair be worthwhile?

We are getting close to amounts where our income might be too high for ROTHS (Have to check this after the standard deduction.

The longer you hold the more amortized these costs can become while concurrently getting the help from appreciation, tax deductions, and principal pay down. 

@Ryan ProffitYou may or may not be required to provide her a 1099-INT.Not everyone is required to do so.Interest income is subject to federal and state income taxes.If her only other income is social security, standard deduction may be enough to wipe out all her taxable income.I know the person is a family member, but be wary on providing tax advice as you may not know everything about her taxes.

With 4 or less units, you have to provide 20% down and your eligibility for the mortgage is based on your income as well.

In many cases charitable contributions can be tax deductible.

If you have a multifamily property that you live in with up to six units, you are eligible for the homeowner exemption in Cook County.