That is what I thought... then how is paying interest of the IP loan from the LOC is different to paying PM fees from the LOC?
Sorry Alex... for hijacking the thread.
Are you saying that you pay the morgage loan interest (wrongly used the word 'insurance' before) from the investment LOC and then claim the whole interest charge by LOC?
I thought that is a no no. May be the 'how its structured' is the key.