Re: To those who rent out their home....
I rented mine for a few years. As a business, all of the expenses are deductible, including the mortgage payment (Perhaps it is only the interest, but on a new loan that is almost the entire payment). I went with a conventional mortgage from Citizen's. Now that I've stopped renting, and sold the house up north, I was able to keep that loan (at a favorable interest rate) and just pay off a huge portion of the principal without any closing costs. They recalculated at the smaller principal, reduced payments, and continue to escrow my taxes and insurance.
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