Taxes on rental income

[Keith Dalhaus]

Hello,

My name is Keith, I'm new to the site and just beginning to do some property analysis. My question is on how to account and plan for any taxes I will have on rental income I receive. ( keep in mind my calculation is based on the property being in my name, no LLC and I live in Washington state) This is something I did not see broken down in some of the bigger pockets videos on calculating cash flow. Perhaps I haven't looked in the right place yet. Example of my concern, and forgive me for I'm still nieve on the subject:If the building rents for 1600/month, let's say after mortgage and other expenses I'm cashflowing around 300 to 400 dollars. Obviously I know certain expenses can be deductible including property tax and loan interest. So my point is, if I'm not cash flowing enough on a property, come tax time my profits could be cut in half or gone all together.

Anyway, just looking for a bit of feedback or a video suggestion. 

Thanks