They just count toward your basis, and can reduce any gain when you sell.Part 2: Mortgage Interest and Real Estate Taxes 75% will be deducted against rental income on Sch E 25% will be deducted as itemized deductions on your Scheduel A (If your itemized deductions are above the $24k required for 2018 to be able to itemize) If your itemized deductions are below $24k- you get the $24k standard deduction instead and nothing happens with that 25% of the interest/re taxes. 

This is in addition to the search e-mail agents in Northern NJ which are almost always coming with price change on lower side.

I’m having a hard time finding comps on this property to do quick ARV calculation for my discussions with a lender.https://www.loopnet.com/Listing/2415-E-Southport-Rd-Indianapolis-IN/5172314/How would you folks recommend I calculate ARV on this?

See Treas Reg §1.163-8T(e)(1) below, and take into consideration the ordering rules for payback of debt.For number 6 and number 7, I'd want to know what happens to the $100k cash (number 6) and the $20k cash (number 7) that taxpayer gets from the bank upon execution of the loan. 

Make sure you have an updated O&E report when you provide the collateral file.

@kyle j.I already submitted my taxes and schedule e to the new lender.

And the members will report NET rental income/Loss in the Schedule E of their personal return. 

This provides a second method other than tenant deposits, it is e-bank compatible,  and scalable on autopilot as it takes merely a minute to do. 

James,Should go get E/O insurance. 

If the property was acquired before 2018 then only Sch E rental income from your tax returns can be used.