Just imagine reducing your living expense, owning an asset, and having your tenants pay the bulk of the mortgage, then repeating this a few times over all while every year the rents go up.

No problems with thinking big -- but thinking big and fast when you don't have experience is risky, and will reduce your likelihood of long-term success. 

These expenses would lower your taxable income and further reduce your overall tax liability.

Is it labor or parts cost? 

**Depreciation Recapture**: Because you've rented the property, you likely claimed depreciation, which reduces your basis.

It could be hiring day laborers rather than a landscaper to do some of the exterior work to save money.

This helps reduce operational costs and increase efficiencies, hopefully giving the landlord back time to spend on other areas of the business.Market Trend Predictive Analytics: There are AI algorithms that can analyze large amounts of data in order to predict property values and future market trends.

Pergo is known for its durability and ease of installation, which could give you a clean finish and reduce maintenance costs in the long run.It's wise to consider all these factors as you make your decisions.

Over the home loan term, this can significantly reduce your mortgage payments.Closing costsReal estate investors must pay most of the closing fees when finalizing a mortgage and real estate sale.

You should also ask if they do cost segregation analyses, as that might be extremely helpful in reducing your income tax liability.You could pay a CPA to prepare your tax return for this first year and learn as much as possible from them.