Currently I am living in my home that I have purchased in 2011 and now it has accumulated about 200K in equity but I do not know what to do with it.

I’m not sure of the calculation on how much of the accumulated depreciation gets taxed for every dollar of principal received. 

In Nevada, the property tax rate is less than 1%; however, their losses are regained from money accumulated from tourism.

The suspended losses can accumulate and be carried forward.Active Participation Exception: If you actively participate in the management of the rental property, you may be able to use up to $25,000 of rental real estate losses to offset other income, even if your AGI is above the threshold.

The 750-Hour Requirement: Strategies and Tips:How do you recommend accumulating the required 750 hours of real estate activities?

Cost Segregation in Real Estate: Real estate investments offer a path to long-term wealth accumulation, but the tax implications can be complex.

The problem is, when he did the reverse mortgage, he took out equity AND the mortgage started accumulating $2k a month in additional interest, all of which raised the mortgage quite a bit.

You can look at it from many perspectives, including CAP rate, GRM, overall wealth accumulation, etc and see if that is something you'd rather have.I'm in the middle of doing that for client right now, selling 3 homes in El Mirage and 3 in Laveen and he's looking to exchange the money into a multifamily property.

We were not (still are not) real estate experts, so we kept our strategy very simple and conservative -- accumulate single family foreclosures at a significant discount, make improvements, and rent out (mostly Section 8).

Flip and accumulate cash and then rent or sell the paper for the long haul.We just bought 10 acres in Southern California for $800.00 total cost.