I was advised by a real estate agent not to withhold the full amount of rent or pay for them myself and deduct it from the rent.

Examples, I make $110k, rental income is 25k, and I have 30k in deductions. 

Dominique I would love the contact of levy and see if we can do business together.

You will also use it to deduct most of your business expenses.This standard template may be modified to accomodate some specificities, like states where a series LLC may be less expensive than having a different LLC for each.Also you can add a layer of Land Trust for each property for anonymity and to give some due on sale close protection.A lot of people here will tell you that you don't need any LLC or entity structures and that you can do with only a liability insurance.

A charitable trust can be a great vehicle to provide income to you/your spouse during your life while also providing an income tax deduction on the asset you contribute to the Trust.

Our insurance has 5k deductible.

Return calcs do not include depreciation deductions or any kind of appreciation.

Depreciation - assuming the entire 1.5M is depreciated over 27.5 years means ~4500$/month that I can deduct from my income for federal tax purposes - so would need to multiply by my federal tax % to get an actual $ saved value (im a little hazy on these things, so please correct me if im wrong). doing so doesnt make this a cash-flowing deal with a mortgage, and still wont crack 5% ROI if i buy in cash.finally, here's a link to the biggerpockets calculator for this - https://www.biggerpockets.com/buy_and_hold_results...So, is this a very unattractive deal or am I missing something here?

@Levi FriedbauerWelcome to the BP family!

Also depending on your income, it may not be deductible so best to pay off student loans ASAP.