I hear you, yes I’m looking at the full cash-in, cash-out. Just meant that the write-off I can take living in the home (mort int +prop tax), versus the additional items I can write-off renting it out (depreciation, HOA, insurance), are offset by the rental income.

Before a reset, my carrying costs are 600/mo post tax implications. Plus whatever it costs me to live somewhere else if I rent this place out.

I’m just looking at the impact over the next 3 years before the reset- not to imply that I would sell in 3 years, but I’m trying to get a financial picture before and after the reset. Once it resets, we’re talking about a bump from $1700/mo to $2400/month in cash out.