I still have 20K left.I am looking at a used 2010 prius for 10K.Question for the group- should I just keep making payments on the Audi and deduct what I can (about 80% business), or sell and get the Prius in cash and lose the monthly payment?

There is no impact on your taxes, though you may gain more deductible interest - ask your tax professional.The downside is that there is no such thing as a risk-free investment.Hope this helps.By the way - my family hails from the Twin Cities area (St.

Usually when I analyze these properties I deduct mortgage/interest first before deducting money for cap ex, repairs, insurance etc.  

We use it about 2 weeks...and from Nov- May it is not usable due to the fact it isn't insulated, or heated.Taxes were a whopping 14,000 this year, Am I correct in understanding that we can only deduct 47 days/ of 365?

For a business if you do not do 1099s don't plan on using the tax deduction.

As for writing off the cost (interest) of that money if you pull money out of House A to purchase House B, yes - that is an allowable deduction. 

You can definitely benefit from having a retirement account that you are in total control.If you don't have any retirement accounts to rollover - then you will be limited to contributions of only $5,500 per year, so in this case you can probably have a conventional account (not self-directed) so that you can build enough funds before you self-direct.However, being a real estate agent makes you self-employed and therefore eligible for a self-directed Solo 401k, which is much more powerful then SD IRA.

It depends on how much eligibility you have remaining on your VA benefit.

Only way is to register an RRSP eligible fund with the securities commission which in turn invests in US properties.  

The remaining interest can still be used as a tax deduction if you qualify (many people will just use the standard deduction).