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hpryder, Thanks for the info. I always forget that you can run numbers on the TurboTax site for free. That's a great suggestion.

Thanks for responding buckeye. I have been a landlord in the past (late night calls, "I'll have the rent money in a few days," etc.) and think I understand the tax implications in general terms, but wanted insight from others with more experience. It's my understanding that if I finance the...

I'll definitely be financing. The question is do I back it with my house (good rates, easy), my cash (good rates, easy) or a new commercial loan backed by the rental property (bad rates, difficult). I'm leaning towards backing it with my house, but am concerned about the tax implications of...

Hi all, I'm considering picking up a residential rental property in the small Missouri town I live in, and there are some options as to how I can finance it. I'd like to get your opinions on them, including tax implications of each. Option #1: I can pull the entire purchase price out of the...