Commercial Property Purchased on Land Contract - What Can I Claim On Taxes?

[Nicholas Wever]

Hi all, happy Friday!

I purchased 2 commercial zoned 'light industrial' properties in 2023. I have had tenants in them and am looking for clarification on what I can claim on my taxes. Sale price was around $325k with a $20k downpayment.

1. Can I claim any of the purchase / down payment on my taxes?

2. I know I can claim interest (i assume this applies for a land contract), how about HOA?

3. Anything else I may be missing, aside from property taxes and maintenance?

I have looked into this a lot on BP, facebook, and reddit, but have found nothing specific for land contracts. 

Thank you!