What expenses can I deduct for taxes?

[Austin Bright]

Newbie investor here.

I've read that I can deduct depreciation from my expenses.... What other non-cash expenses can I take out? A maintenance reserve? A vacancy reserve? Or is this not allowed?

Also, I know I can deduct mortgage interest. However, if I roll the FHA insurance premium and repairs into an FHA 203k loan, would that blindly overstate the interest I can deduct? For example, would I be double counting if i deducted repairs expense and interest related to the repair dollars in a 203k loan?

Thanks!

[Aaron Gordy]

@Austin Bright Also ask about accelerated depreciation. That is a big one imo.