An example of such a fundamental change would be the government no longer allowing a the tax deduction on interest or no longer allowing depreciation.

If they should remove those appliances w/o your approval, then they are in breach of the contract.Remedies include: 1) Not removing the appliances. 2) A cash contribution at closing from the sellers for fair value of the appliances 3) Commission deduction from the listing agent to cover cost for replacement of appliances 4) or a reduction in the offer amountFirst, in my experience, Bank of America (Countrywide) is probably going to want the sellers to sign a promissory note in lieu of a deficiency.

The plane ticket is 250-400 bucks round trip and is fully deductible.

The vacant house policies I've bough had a pretty large deductible for vandalism, which is what I think they would call this.But it may depend on local law.

But, if you plan to claim this expense as a deduction, the IRS is going to insist that someone pays taxes on that money that was paid out.

In other words, set it up like an insurance deductible.

We decided to go ahead and insure for rebuild value, but we are in the process of increasing our deductible to lower the payments.

I am all for diversified areas and long distance investing, but when I do it it will be in areas that I have an interest in visiting or possibly living in - then I can take tax deductible trips to them etc.

Do we both get mortgage interest deductions and depreciation?

I also see margins of 8% to 25% on public REITs (whats left over after deducting expenses from rent).