tax implications of the buy and hold property

[Eric Schrader]

So I am pushing on and hopefully will purchase my first rental property in the next few months.  My questions is around the tax implications.  For arguments sake, if I net $800/month in rent, how do I claim that $ on my taxes?  

I know I can claim the interest, etc for a second home, do i need to indicate that the second home is a rental property?  

thanks