Can I depreciate a 2-4 unit single family with an FHA loan?

[Peter Smith]

I was considering buying a small 2-4 unit single family house using an FHA loan with a down payment of 3.5-5%. However, you can't place a property with an FHA loan inside of an LLC. Would I still be able to depreciate the value of the house if it would be my primary residency for a year and I purchased it with an FHA loan?

Will I have to pay taxes on the income that I receive from the property if I can't depreciate the asset. Dosen't this mean I will have to make the mortgage paydown while it not being a tax write off?