<prompt> Human: Long time lurker, first time posterPurchasing an investment property second property where the note mortgage can be covered by own income. Own mortgage current home - this would be second. The property is currently rented until June 2017.What are the implications of purchasing this second home as a personal home and never moving in? I pose the question because of the favorable personal interest rates.Given the bad interest rate of an investment property - are there enough benefits that outweigh this in write-offs, etc? Should it be opened in an llc if there is insurance on it and umbrella?Any information or experience will help. Thanks in advance!  <response>: Thats probably a violation of your mortgage agreement. Your lender could require you to revise your loan to be an investment loan.Assuming they dont charge you with fraud. 