Originally Posted by tanmaysnv

The answer is that you can do this but youll need to derive income from the property in order to claim a tax deduction for the interest. That means that you cant have equity in the property as rent;its got to be rent so maybe treat the rent as a loan and that means they wont be paying you so youll have to work out how to pay the mortgage back on your existing income without rental income and then at some stage convert the loan to equity