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Thanks for all the information. :) I've another question. Bought an IP in around 6-7 months ago. This week, the tenant advised that there is water leakage in the bathroom (a little bit of the floor area are wet). Some hall-way carpet area are affected too --> wet. So, this thing needed to...

Hi all, Say I had an IP for about 2 years. I'm about to renovate completely the kitchen, and it's going to cost me $10,000. Questions? 1. If I borrow this $10,000 from my separate LOC, is the interest of this loan is tax-deductible? (say if I paid out this $10,000 in 15 years, then the...