Tax implications of only rental income (loss)

[Joe Splitrock]

I currently have W2 income and rental property income. My rental properties, between expenses, depreciation and mortgage interest, amount to loss on my taxes. I am able to deduct that loss from my W2 income, since I am within the income limits to deduct passive loss. That takes a little bit off my taxes, which is great.

My question is if I decided to quit my W2 job, so my only income was rental properties, how would that affect my taxes? Logic is telling me since I have a loss today, that my taxable income would be nothing.

I am filing married with dependents, do would there be an opportunity to even get money back?

Sorry if this is a basic question. I have lived in the W2 world since I was 14 years old, so that is all I know.