The mortgage interest rates, less any lost tax deductions, is the maximum your dead equity will earn sitting at risk in real estate.

There is a new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

Currently, right now taxes on any property being purchased in Jackson county will be assessed using the contract purchase price multplied by last years mill levy. 

Accounting standards  / IRS want you to slowly take the deduction as you "wear out" the item. 

@Kris L.Agree for the most part, except that you only pay one deductible per problem/fix.

To take that many deductions you need a valida SSN for each exemption.

If you meet the requirements you will be able to deduct that loss up to generally $25,000 against earned income.  

My deductible is high ($5,000) but if there is a storm that passes through and there is damage to multiple houses I only pay that deductible amount once for all of them, so it is like a blanket deductible amount.

Unfortunately I can't park at my office, our landlord has been very "protective" of the space ever since Levi's stadium went up.  

Thank you, Levy T.