Whatever the City won't adjust off you get to deduct from your taxes anyway, so you're not actually paying the cost of the water usage.5.

However, then would that interest be deductible as an expense of the LLC?

You can use the extra income to pay down debt, save for retirement, or invest in additional properties.Tax Benefits: There may be tax advantages to renting out a portion of your home, such as deductions for mortgage interest, property taxes, and depreciation.

A Cost Segregation Study is a tactical tax savings tool that allows property owners, who have constructed, recently purchased, expanded, or remodeled any kind of real property to increase their cash flows by accelerating the depreciation deductions of reclassified building assets and deferring state and federal income taxes.

Printers are no longer a luxury item, they’re $100 and totally deductible. 

I am considering how hard it is to collect anything when theres a problem. how much the deductible is means I’m already covering all the smaller items.

That means you're only making a ~7% return annually when you deduct the premium from the 15% interest rate.

I was wondering if there are any potential tax deductions we could take as a passive investor. 

Also, it is a tax deduction.

You report your total revenue from all sources and then deduct your cleaning expenses for income tax reporting.