Then yes, you're describing the right procedure: transfer money to your personal account and blow it in Vegas.Drawing money from LLC does not make it deductible.

In California, a tenant has the right to a move-out inspection to verify any potential deductions from their security deposit.

You can get 10 fixed rate low interest tax deductible 30 year mortgages. 

Is it possible for me to deduct these costs from my tenants security deposit at the end of the lease period?   

The IRS requires you track, report and take all allowable deductions.

I pay down enough debt on each property to make sure they can handle a 20% deduction if rental rates go down in my market.I look at my spread between the market and RE to make sure I'm at balanced based on my long term strategy (I max out our ROTHs).

I’m wondering how the new tax law has affected buy and hold investors who phase out at the $150,000 W-2 max income for deductions.

You will  only have interest income which is normal for all the installment sale payments. 2) moving out or renting also will not preclude you from taking a deduction if you sell with in 3 years of moving out.

My parents live in this town, so my visits 800 miles away are tax-deductible : )The house is in California, but in a poor rural gold rush town near the Oregon border.

I'm not referring to the actively participate/10% ownership situation that allows for a 25K deduction.