Can I write off interest on my rental in MI while I live & rent in CA?

[Tom Read]

I own a condo in Novi, MI that I purchased in 2001. I married & moved to take a job in California but wasn't able to sell my condo. My wife & I rent in San Francisco & our annual income in 2012 was $ 207k. My CPA tells me that I can't write off the interest on the condo in MI, until either I sell it or our annual salary drops below 150k. Friends & co workers tell me that I should be able to write off the interest & I would like some one who knows who is right & is it time
to get myself a new accountant ? I would appreciate clarification on the subject.
Tom