Couple takes on this: Generically speaking, yes it often does make sense to increase your loan amount for monthly savings. 

California has a couple of additional hoops post foreclosure sale, if its a real foreclosure sale but its still pretty standard.

I recommend renting it out a couple times before year-end.Material participation doesn’t mean it has to be 100 hours.

You would only have to recapture depreciation.If you have more than $250K of gain ($500K if married) then you could do the same thing and take the $250K tax free. 

Sold #2 a couple weeks ago. 

@Michael MacalusoA couple of stray thoughts for you.  

But I had a guy back in 2010 or 11 ask a question about selling a house at a loss of about 40k or keeping it even though the rental income was barely breaking even if not losing a couple hundred per month. 

I've seen a couple around that would probably work outside of Denton if you're open to that. 

Joint Filing Considerations.If you are married and file a joint tax return, either spouse can qualify as a real estate professional.

Marry someone wealthyStuart, it’s interesting that the “guru” programs fall into two classifications.