For a deductible loan(mortgage or HELOC up to 100K or for business purposes) you will only have to earn 450 to pay off the interest. 

Our CPA (whom we chose because he is also an investor) neglected to inform us about changes in tax deductions that are the result of Obamacare.  

I think (getting licensed to) providing expert advice to people that have the problem of "too much money" will remain a very solid skill for as long as progressive taxes will be levied to the "rich".

Both fees can be deducted from your taxes.

One from the doc, one from the building where the procedure was performed, ones from the person who puts you to sleep, x-ray person, etc.Some people do not like insurance and get catastrophic care with a 5k deductible.

After deducting defaulted properties taxes, netted a little over $125,000.Do I win anything?

I know that all the mortgage interest is still completely deductible.. and I would assume that I could write off 1/2 of the depreciation of the house.

Ken,To answer the other part of your question, pulling equity out to make another investment/purchase is certainly the right thing to do so long as you buy within your means and correctly to fit your strategy.Having a second or third or 100th property gives you more tax deductions, more properties to appreciate (both market and forced), and gives you more doors to better your occupancy ratio.

Levi- you're correct, the fountain show at evening was spectacular and of course "the tallest' built by the same Bellagio builders but much higher.

Drug dealers, hookers, and illegal immigrants would all have to pay taxes too.As far as deductions go, every household would get a direct deposit at the beginning of the month to cover this.