.✅ Tax benefits – Depreciation, mortgage interest deductions, and write-offs help offset costs.✅ Leverage – Financing lets you acquire assets without tying up all your capital.Is It Worth It?

Looking for peoples opinions if the quoted costs are fair to take off the security deposit.TYIA You are absolutely within your rights to deduct all that from the security deposit.

Let's say that you were able to deduct $117k the first year.

There are some zip codes where you can indeed get above market rent with S8 (even after deducting utility allowance), but some where they are lower.

Finally, short-term rentals can offer potential tax advantages, as many expenses associated with the property may be deductible.

Even with the redactions, it's not hard to figure out based on deduction how much we are making from the rental and from my income.

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

I would caution on having a high deductible / inadequate coverage policy with a property in Athens.Dan, a comment you made that I don't concur with is the cap ex on a new build of 300/month, unless it was a low quality builder (I have no idea who the builder on this property is). 

Before the income subject to UBIT is calculated you can depreciate and deduct expenses and losses on that portion of the income so generally it's not as bad as people think. 

I also understand that HELOC interest is NOT tax deductible as it once was.