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Hi Charoc, Some quick basic calcs and scenario (not advice, just throwing some numbers around!): Your unit - if you keep it, with an IO mortgage of $220k, your annual interest bill @ 8% will be $17,600; your net rent (assuming 25% expenses) will be $13,650; your tax saving (50% of the loss...

Hi Charoc, That is a dilemma - if it were me I would try to hold on to the unit an buy the villa, but you will need to make sure you can afford it without placing too much strain on yourselves, eg if the unit is vacant for a few weeks could you cope? A bit more information would be helpful -...