Rental Room House Hacking Tax Benefits

[Mike Bonadies]

Hey guys I'm new to the real estate world and I have a question on Tax deductions when it comes to purchasing a single family home and renting out the rooms to tenets in the Baltimore area.

I was looking into personally purchasing a 3 bed/2 bath house in Hampden, Baltimore using seller financing, living in one room and renting the other two out. If I purchase the house using seller financing can I:

A) Deduct the mortgage payment off my taxes?

B) Deduct appreciation off my taxes for my house?

C) Deduct expenses like repairs & cap-ex off my taxes?

Looking forward to the help!

-Mike Bonadies

[Mike Bonadies]

@Daniel Hyman & @Ron Trinh - Thanks a bunch for the comments. I had a typo and I meant to say depreciation not appreciation but it looks like you knew what I meant Dan! This gives me a basis to work off of.