Taxes on a new rental

[Angelo Llamas]

Recently bought a rental that I am living in and will start to renting it out early next year. I’ve done my calculations and have seen that I will be breaking even with this investment day one. On a rental that’s not generating income is it any different book keeping wise then you would for a rental that’s is making money Or what are good things to know or learn Thank you !

[Angelo Llamas]

Awesome and as far as tax deductions do you still do them to get a return or do you only do those so you don’t get taxed on your rental income