Some people think you do not start paying taxes until you are paid off - which the equivalent would be buying a $100k rental and collecting $1000 a month in rent and thinking that $1000 is not taxable.

In my case of the owner occupied rental property, is the 750k(mortgage interest tax deduction cap) and 10k (property tax deduction cap) applied to my portion of the property only and can I simply deduct the rental portion's (whole property - my residence portion) mortgage interest and property tax from the rental taxable income regardless of the cap I mentioned?

I am considering my first commercial loan. In round numbers, the 7 year loan comes with up-front expenses like these:1. $1,500 documentation fee2. $3,000 escrow security that is refunded at loan payoff3. $50 wire feeA...

oThe kicker is that, you only have 2 YEARS to unwind any deals that your IRA has already invested in or the entire account becomes taxable and you’ve lost all the benefits of having an IRA.oYou might need to sell your existing positions (at a DEEP discount) to get out of a deal before time runs out.

the great thing with real estate is that the IRS gives you an annual deduction called depreciation which is a non-cash tax expense.The second thing is timing of expenses, the IRS may allow you to accelerate many expenses in earlier years as opposed to over a longer period of time.The third is that many taxpayers miss out of deducting all the expenses - They just write off items that are directly related to the rental(insurance, taxes, interest, etc) without factoring in personal expenses that help your rental business.If you purchase a bunch of cost friendly houses(below $100,000) and are getting close to the 2% rule, then it is likely that you may have positive taxable income from your rentals.Best of luck

I am still trying to decide what would a lender rather see for future loans. taxable income through my business or equity in another property?

They lowered taxable property values about 20% and then raised tax rates 20% so they didn’t have to have these meetings any more. 

The participants in the organization must also be able to compute their own income without having to compute partnership taxable income.); Rev.

This means, for example, that if your home is valued at $100,000, the exemption will reduce its taxable value for Harris County taxes by $20,000 to $80,000.Optional exemptions — all homeowners.

A cash-out refi is a non-taxable event.