The $25,000 Allowance In a NutshellA taxpayer may deduct up to $25,000 in rental real estate losses as long as the taxpayer actively participates and MAGI is less than $100,000.

@Sean Yang I have 2 referrals for a property manager.  

Conversely, if you have a net taxable loss, AND your MAGI is less than $100K, you still use your marginal income tax bracket rate to compute your tax savings.As to other costs, you do need to pay utilities during your vacancy periods.

Basically, the banks are happy to refi you up the ting yang when rates are low and their is plenty of liquidity.

@Steve Yang I grew up and started by REI business in Cincinnati.

Andrew Yang did a good job in my view shooting holes all through it in last Democratic debate. 

@Frank Yang Thank you sir!

You can research out the ying yang but still in the end, it could burn you.

@Yu ChenAlso, consider comparing notes with @Wei Jie Yang about your experiences.

However, if your modified adjusted gross income (MAGI) is above a certain threshold, you may not be able to deduct the full passive loss in the current year.It's crucial to work closely with a tax professional who can analyze your specific financial situation, taking into account all income sources, deductions, and tax implications.