(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. 

Loan amounts do not have anything to do with when calculating gains.One thing that hasn't been mentioned, you can decrease your gain based on any improvements made to the house over the 20 years.

Once you get away from the city center into less desirable neighborhoods, the competition decreases; however thats not where the biggest profits are made.

I'm from the great state of NJ but moved to PA for cost of living decrease and plan to invest where i live now.

It does decrease my monthly mortgage expense, but the houses that can be house hacked are often more expensive.I'd appreciate your insights and experiences with house hacking. what number did it make sense for you to consider paying more for a house to house hack.