Getting a second mortgage is great if you are confident that you can make the payments on time.Tax deductions, to this day, remain one of the single greatest benefits of real estate investing.A second mortgage lets you leverage equity, even in a rental property, and use that value now.Mortgages allow you to borrow to obtain property.

Don't forget that the interest payment to yourself is tax deductible as an expense.

But refi and pull it out and it’s tax free (and interest is deductible). 

Deduct any damages from both tenants and send letters per your state laws.

You can deduct those costs.

An unlimited marital deduction allows for unlimited tax-free transfer between spouses during life provided that both spoused are US citizens. 

Are you over 25k in losses that you can’t deduct?

You deduct property depreciation from cash flow from operations (NOI)...

Thanks.The 199a deduction is 100% unrelated to having an LLC or not. 

Rental income taxes can be confusing for real estate investors but it is crucial for investors to understand the filing process, deductions, and tax rates in order to be successful.