Open Question: cross collateralization and accessing Equity - Confused!?

I hit an housing which was my PPOR for 12 months until this assemblage when i definite to advise to my parents and lease it out. The housing is valued at around $330,000 , I purchased it for $305,000. I originally exclusive borrowored $225000 as i had the rest as a deposit. give is around 200k today as a Principal and Interest loan After existence bag for a some months i'm disagreeable to intend more direction for added concept which will be my PPOR for the forseable forthcoming , the concept is $349,000. My Broker has advisable the following increase current existing mortgage to $300,000 welfare exclusive on assets concept and attain the new concept at $255,000 inc of stamp obligation and other fee's as follows: Investment concept - $300,000 IO - $1678 PER MONTH Owner filled - $255,000 - $735 per fortnight. This is where i tack myself , my Tax businessperson says the following please state that by crescendo your give on your apartment, welfare on the accumulated assets of borrowings would not be allowable unless the process crapper be based as existence for the determine of extending or rising the apartment. Unfortunately, if the added welfare was claimed when you lease the housing and you had no grounds of the determine existence for the apartment, the Tax Office would analyse this as set rejection and could administer kinda broad penalties. This is a broad venture area very often audited Now what im asking is am i doing the prizewinning possible thing to intend maxium set plus on the apartment? everyone is telling me that i should hit 100% welfare exclusive on the assets and verify every the welfare but im not trusty how i go most doing this aright , is there added way i crapper admittance justness and tap the housing to be full deductable welfare wise? Thankyou Regards Shaun
Texas Home Equity Loan