Rental real estate tax benefits

[Patrick Flanagan]

I’m a little cloudy on the specific tax Benifits you get from owning rental real estate.

So please correct me if I’m wrong....

I bought a 4 plex this year with a VA loan, it's considered my primary residence. I don't make money in it each month due to living there. I will once I move out.

I bought it for 750k, so would I divide that by 27.5 years?? That would be $27,272. So do I get to deduct 27k off my taxable income??