The cost to purchase can be higher but the goal is to break even on cash flow but the depreciation deductions on your tax returns saves you money that way.

Your property expenses will need to be divided between business deductions and personal deductions.House-hacking will also complicate your taxes if you sell the property. 

The agent mentioned I'd have to pay 2 deductibles which I'm fine with, so I ask if I get paid out twice my coverage $15k per claim on the same property = $30k.  

Charge them for the cleaning of the unit and deduct that from their deposit. 

LL then has 30-days to list damage deducted from deposit and return the balance.Texas Property Code Sec. 92.103

Plus, it is a deduction for the partnership, so you're not eating 100% of the cost as it's a deductible expense.

In regards to FHA, with the closing costs and mortgage insurance that is charged, if/when a borrower is able to roll those costs into the loan, does this allow for a larger interest deduction come tax season?

Hi,My understand is that you can only deduct interest from a loan on your taxes and not the whole loan payment.say I buy a $1,000,000 apartment building that generates 6% ROI( not including loan payments).

Can I wait and deduct the expenses from 2020 and 2021 in tax year 2021? 

We usually use the standard deduction and do not itemize.