Re: To those who rent out their home....
I'm no tax pro but I think the limit on tax deductiblity for Home Equity loans or lines is $100,000. You can take more but over 100K may not be tax advantaged. You should at least inquire about that before heading down that path. I would think that you'd want to have it distinct and separate from your current home. The same reasoing would go for the 401K issue I would think.
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