And the most fun part: there is an instance where you could, theoretically at least, have $0 or negative cash flow on a property and still OWE taxes at the end of the year, because of the this principle repayment not being tax deductible, only your interest expense.At the end of the day, you can choose how you look at it.  

Subsequently, employing the 1031 exchange strategy once the 27.5-year tax benefit deduction period has elapsed.- As I am not a finance expert, I urge you to conduct thorough due diligence in verifying this information.

Keep that money flipping, keep tax deductions high, and keep buying primo real estate and zero focus on the gutter **** in Ohio or what not. 

Let’s take a deeper dive.Bonus DepreciationDepreciation allows you to deduct the cost of an asset over its useful life.

When chatting with an insurance representative, inquire about policy limits, deductibles, covered events, guest screening discounts, and the claims procedure.

That goes above the rent so rent becomes late after that bill is deducted. 

There is a fairly new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

Can I deduct this $30k 2024 loss from my 2024 rental income or does it need be the $3000 a year max deduction?

If the tenant creates additional charges, I deduct from their deposit.

If someone filed a frivolous complaint against me I'm automatically out $5k for my e&o insurance deductible.