i always tell folks to house hack even in an expensive market like LA. 

@Mike Sivert You are entitled to take the deduction for mortgage interest, property taxes, insurance and anything paid out of escrow, assuming your sub2 deal is written appropriately.

As I'm sure you know watch your expenses on this one closely to try to re-coop some of the unexpected costs associated with the furnace.

Instead of it being more of a level playing field, where commissions were essentially standard, a lower asking price with a buyer paid broker or a higher asking price with a seller paid buyer broker will be something for investors to consider before presentation.

Bottom line was $84,000 additional rent, $29,000 net cost to furnish, no extra operating expense.

You haven't named a single location that is more expensive than NYC.they all offer slightly different climates, activities.

If i can, is it fesable to ask the landlord that lease payment will be paid monthly and the Property purchase amount will be paid within the 24month periode?

Research any added insurance expense for yourself needed or desired when you have employees.

That might work for a DP in your market, but you’ll need to consider additional reserves, expenses, maintenance, etc.

For rental property, yes you can write off insurance and a portion of interest in the year they are paid