How to estimate income tax for rentals?

[Brian Dudash]

Does anyone have any good resources, tips, or ideas on how to roughly calculate/estimate income tax on rental properties?

I'm in the process of hopefully buying a rental very soon and while I have everything estimated for the property, the last little bit is the income tax situation - which honestly, I'm a bit lost. I did some googling around and had some ideas but I figured to see more "real" numbers from others, examples, resources you used, etc.

I understand that it can depend on a lot of different factors but I'm just trying to wrap my head around this and factor this number into my calculations. I'm considering putting it in an LLC rather than my personal name but I'm still trying review the pros/cons there too. Plus, I see a lot about the possible tax deductions too which a whole other discussion probably...

Thanks!