There are brand new pass through deduction rules that are pretty complicated but can give you a big benefit if you qualify. 

If you currently still owe @ 265K, then they would deduct that to pay your current lender (PNC) and you would be left with @$61K - $83K, which you could collect as cash in hand.

I would assume, like everyone above, that you can deduct the lost rent and utility charges from the tenant's security deposit.

Her car insurance would cover it, if she has full coverage, but then she has to pay the deductible.

Since it is a 2 story unit I do worry about a leak in an upper bathroom creating problems on both floors.What deductibles do most investors have?

Two urine soaked mattresses, a destroyed couch, hopelessly soiled rugs and towels, broken plates, furniture, etc, etc.Between the damage and the lost income we’re out about $6k, not enough to file an insurance claim and make it worth the possible rate increase after the deductible.

I have some questions about how our profit/ payment structure is setup, here are the details:--- 4 Owners in an LLC taxed as an S Corp--- Myself and 2 other people have 30% equity ownership and the fourth has 10% equity ownership.Currently we have agreed on that the GC/ my friend/ business partner who is a 30% owner, gets paid every two weeks an hourly wage but that payment is deducted out of his profit he receives at the end.Should these hourly wages not be deducted from his profit and he makes profit plus hourly?

It is tax-deferred to the plan just like dividends in a conventional plan.As a property owner, the plan would be responsible for property taxes as an expense of operation.The  tax-exempt retirement plan may also be subjected to any local taxes or fees, such as some cities levy on owners of rental property.The rental income is ONLY taxed in cases where an IRA uses outside capital in the form of a non-recourse mortgage.Otherwise, you are not taxed until such time as you take personal distributions from the plan, just like any other retirement plan.

Interest rates going up and the changes to SALT deductions will make it more costly to own, which in turn will put downward pressure on sales prices.

Can I deduct anything special against it or is it treated like my normal W2 income?