We probably would want to give my parents some money monthly, but am I allowed to put it on my schedule E in order to deduct different expenses?

I also require tenants to direct deposit through payroll deduction or going to my bank and physically depositing rent...no alternatives.

It works sort of like this, but not exactly, so only use this as a guideline: deduct the closing costs from your loan amount, then using your actual loan payment, calculate what the interest rate would be on this amount instead of your actual loan amount.

Hi Aaron,If the trailer is used for personal purposes as well as business, then yes, a percentage based deduction would be taken.If 90% is used for business, then you would write off 90% of it.The other 10% is not deductible.Best,-Hector

It is really that simple and the rest is using intelligent strategies applicable to tax optimization and reducinug your taxable income through deductions that you get as a real estate business owner. 

During that process, I came across the item below which appears to assert that if IRC 162 is met then the following also may apply:What Property Can Be Deducted Under Section 179A business can use Section 179 to deduct tangible, long-term personal property.

In Texas according to my attorney it would be a deduction and not a mishandling of deposit funds which is taken very seriously in Texas and most states. 

I found out during a hurricane a couple years ago that the deductible goes up to a percentage of the home’s value during a named storm, so my gut says I should contact the insurance company.

I am currently inclined to buy another one as the HELOC interest is 100% tax deductible hence I may keep it as a “never ending” nor growing debt. 

I am currently inclined to buy another one as the HELOC interest is 100% tax deductible hence I may keep it as a "never ending" nor growing debt.