Are any Costs Associated with a Rental Purhcase Tax Deductible?

[Aaron Ray]

I just closed on my first out of state rental property on 12/31/2021, literally the last day of the year.  The property is a duplex located in Pennsylvania.  The only expenses I had in 2021 was the home inspection, appraisal, and then other normal closing costs.  I had $0 of income in 2021 from this property.  

Will this purchase affect anything on my taxes? Am I considered a home owner in 2021?  Is the home inspection tax deductible since this property will be used for rental income?  Or will it not be deductible since I had no income from the rental in 2021?

Thanks!