What is tax deductible when buying investment properties?

[Tom R.]

I purchased my first buy and hold in October.  I till have some documentation to gather before I make an appointment with my tax preparer but I am curious exactly what is tax deductible for this property.

Im going to assume the down payment is not tax deductible is not but what about points and closing costs?

How about Utilities, repair costs, transportation, marketing? Anything else I should look out for as a deduction?