So for a 100k home you would be looking at $310-890 annually depending on the deductible you were comfortable with.

I think NC stopped their state tax deduction, which is too bad.

I am pretty sure I take all the deductions I'm due and I've vehicles such as as solo 401K, self-directed IRA, Roth, etc. but I think I might be missing out on larger-picture strategies for investing and tax savings.

The return on your dead money plus the interest tax deduction far out weighs the 401K.

If I put $20k into rehab is that entire amount deductible?

First, there is an upside and downside to investing in condos that many have mentioned: Upside: HOA fee is tax deductible and some expenses such as garbage, sewage, water, landscaping are rolled into it.

Of course, it looks like there is no real cash flow, but just the amount that you can deduct from your own outgoings.So to summarize, even if your figures are right, you'd be out of pocket something like $465/m instead of $900/m that your other tenants are paying.But if your figures aren't conservative enough, you could be out of pocket as much as your renters.Do you have any figures regarding your purchase price vs comparable ARV's? 

.), I've been tracking the mileage and I'm assuming that I can deduct half of it on the first unit since the other half is for the unit I'm living in that hasn't been placed in service yet.

Or do I return it minus deductions if the home is rented the following month? 

However, the math is confusing me and the tax deductions.