Thank you Norbert for your remarks. To further explain, I am not really borrowing to invest, I am borrowing to take advantage of being able to deduct the interest on the loan from my yearly taxes and I have additional funds available  to use for the improvements.

Why use my money when I can use someone elses, plus if I stick the $50,000 into an investment paying 6.65+, then so much the better.

thanks again

hex