Tax Deduction-negative cash flow on your rental income

[Tony Nguyen]

Hello guys,

I keep hearing that as a real estate investor you get tax deduction, depreciation asser, and no one tax you on debt. Is this really true? 
As my research if income AGI over $150k you dont get to write off a lost on your rental. If income over $150k what benefit do you have from tax purpose or we have to qualified as real estate professional. Thanks every body,