[quote]I mean our PITI payment is (for example) $3000. With the tax writeoff it is effectively $2500. For us to rent the equivalent house in the LJ school district similar to this house would cost $3000. This is all based on an FHA loan with a DP of 3.5%. Make sense?[/quote]
Sounds almost too good to be true. I didn’t think there were such deals in LJ. Congrats!
