renting home cost benefits

[Jack Brown]

I have lived in my home for 10 years, now i am planning to move to bigger home and rent the present one.

I understand that if I sell the home within the next 3 years, there will no be no capital gains tax, I made a profit of 200k.

if i rent my home for 3k/month, I get 36k per year, my deductions will be :

depreciation of 10k, mortgage interest of 10k and property tax of 10k

so I am getting a net profit of 6k/year and other reductions in my gross income. how is this a good deal? and the dep recapture of 25%, at the time of selling also offsets the profit i make. 1031 also doesn't make sense unless it is passed on to my heir.

how do other landlords feel renting is a good source of income. What tax strategies do you use ?