Rentals and write offs

[Joe Boggin]

I make 50k a year and my wife's makes almost 140k. Besides our primary home we don't have much to write off and we are getting murdered every year with taxes. We were going to get a couple rentals just for the write offs but don't fully understand how they help?! There are a couple turnkey homes for 35k that rent for 700 a month we were going to get one or two. This was advice given by a family friend...