Eventually might help with tax if planned correctly.

The links you provided turned me in the correct direction!

Yes, that's correct!

These studies can be pretty complex, and a third-party expert will ensure it’s done correctly and that you maximize your depreciation.

Correct the problem now. 

This would ruin any of our chances to take advantage of a 'first-time home buyer' program, correct? 

@Samuel KoekkoekWhatever you do, dont get into the S&P in the next 6 months, every time on the lastv30 years the Fed has cut interest rates by 50 bps, the market has had a minimum of a 30% correction.

That's correct.

If that is in fact correct, here would be response.1) Are you wanting to refi to pull cash out?

Dan is correct, thanks for pointing this out Dan.