Thinking of renting my house out?

[Clint Nelson]

I am actually looking to move, since I live about 45-50 miles away from work. The question is I have had to spend about $5000 dollars in the last month fixing the A/C and plumbing. I believe you can write off repairs for a rental home, and I am wondering if it would be worth it to the rent the house out for at least 1 year, so I could use the 5000 as a tax deduction. I also had to get the foundation fixed, so that would be another 7,000 if I could write that off as well. The payment is 1050, and it should rent for about 1300. Thanks for the help.

Clint