This way, you can collect more rent which will decrease your living expense even more.

That would help you learn a ton and decrease your risk in some ways for that first deal. 

If you don't have any accounting training I should clarify: On an asset,  debit means increase and credit means decrease.  

You'll pay more in interest of course, but the value of the house will more than pay for it the longer you hold it since it compounds (and interest decreases every year).

(You're paying the bank back with dollars that are of less value than the ones you borrowed from them; it's like borrowing gold and paying the lender back with gravel...maybe not that extreme, but you get the point).I think the plan of sitting tight and re-visiting the market in 6-12 months could work, but it could also backfire if property values don't go down significantly in 6-12 months....if prices hold steady, and rates increase even more (which seems likely), we could be in an even tougher position in 6-12 months (but, that's pure speculation...at the end of the day, nobody knows what will happen, and it's totally possible that prices are lower in 6-12 months...we're already seeing a notable uptick in days on market and price reductions, and a noticeable decrease of demand in many markets--but who knows how far that will go).Strange days, indeed.Good luck out there!

It changes to 80% then decreases by 20% each year until it is phased out.You can do a look back as well and claim the resulting write-offs without amending prior-year tax returns.

The up-side, interest rates decrease on housing and other governmental-economical issues can subside reducing risk.

@Mike DymskiHey Mike,NNN cap rates go up as the remaining term of the lease decreases. 

The overall population decreased in both Detroit and Cleveland between 2010 - 2013, but Atlanta's MSA population grew by  236,214 between 2010 - 2013.

Mitchell Bernier,Here in Central FL, we just got a 30% truss reduction, as well as a lumber decrease.