Correct ME if I'M WRONG....BUT.....? RENTAL is a BAD idea......
Wouldn't putting down a mortgage on a Rental investment be a TERRIBLE long-term investment if below factors are true....?
-no appreciation
-rent value is no MORE than monthly PITI
If those are true, you would do better keeping your cashing under your mattress on payday.
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That is definitely a situation most of us avoid, how to avoid them being the subject of many discussions on these forums. If you really need the loss on your taxes, maybe...