My question is can you deduct the full interest rate charged on a cashout loan on my paid off residencebut money used to purchase a rental property.

HINT:Just cause you can take a deduction doesn't mean you have to.

Deducting all defined project cost (including a developer profit) BUT NOT land value will produce the land value of the retail piece.

- Should I expect to have an equivalent deduction from the full price that I pay for the home, or is that too hopeful? 

In order for each of us to claim a share of the mortgage interest deduction, do we all have to be on the mortgage as well?

I would serve her a notice of lease termination/non-renewal, and if she leaves on 9/30 then deduct any late fees or rent shortfalls from her deposit (although I would still be trying to collect it from her all the while). 

Here in Texas, we have a Homestead Deduction you can claim if the property is your personal residence.

There is no blanket right or wrong to this - YOU have to decide how much risk you're willing to accept.I have many investor clients who insure their properties for well under the RCV and carry high deductibles on top of that.

My team recently put together a well-researched and handy list of landlord-tenant statutes by state that just covers the basics: security deposits, eviction issues, legal recourse against tenants, deduct-and-repair rights, etc.

The tax bill that passed this year limits home mortgage deductibility will have a negative effect for states like NY and CA with high real estate prices, and high real estate taxes.