Phil,I don't know your current market conditions in your area, but from what you have explained, YES - I would be scared and possibly put on the brakes.Second, renting this as a two family may not be possible.

I also have a bunch of deductions, such as the loan interest, education, health insurance, work truck purchase of $30,000, etc.

You'll either find something to dispute, or, it will scare the living hell out of you.

The law specifically targets those of you in the following professions: Accounting (including bookkeeping and financial services), law, health, engineering, consulting (This is a catch all for a service based), brokerage (this includes real estate agents, insurance sales, stock brokers, basically anyone that sells for a commission), investment management, sports and performing arts."

Most of their stories are regarding the homeowners who are in default, or some of them dont even know a BPO was ordered on their property. it usually revolves around being chased out of the neighborhood, some of them with weapons, some are scared to go back to the property after the initial escape and than cancel the assignment.One time back in 2007 I was doing an exterior BPO and this guy came running out of his house my way.

--still have a private health care industry.

I am not trying to scare, I am just letting you know that I have seen similar things happen to people looking to make a quick buck.

Don't let the mold scare you.

People who have admitted to using Medicare and VA benefits shouldn't be preaching against government health care.People who like to insult others for not upholding the Constitution who then publicly call for the assassination of those who legally take advantage of their first amendment rights in a way he doesn't like.People who claim to be for limited government and then preach for more legislation when it comes to things they find morally wrong (gay marriage, drugs, etc).People who like to preach morality based on religion, but then clearly pick and chooses which aspects of biblical morality is important and which aren't.I could go on and on, but the point is, if you're going to spend time spewing hypocrisy and inconsistency, you shouldn't be surprised when people who are smarter than you call you on it.And again, if you can't take it, maybe the political threads aren't the place for you...

Too scared of debt and excessive leverage.