If you were to manage the rental yourself you can include that in your monthly cashflow but you should be really considering that money yours for putting that extra work into your rental.Hope this helped.If you let me know or just vote it up.

Thus adding up to the full purchase price.  

I saw your ad for the (name something descriptive from the ad) little blue bunaglow and I'm extremely interest.

We are looking to buy a house of our own and she asked for some time to save, so in the meantime, I was going to take some of my extra savings from sharing rent to start investing on my own.However, from day one, living in the house has been a nightmare. 

@Ahad Ali + adding on, If your LLC is treated as a pass through entity then basically when the income gets passed to you.

Actually, that extra 800 is post-addition of a bedroom I realize- its now a gross rent of about 6000, which I still think is workable.

If your whole sale runs you a extra 10K are you financially OK with that?

I thought the listing agent info is always at the bottom of the Zillow ad, like milk in the back of the store.

Boston has people that call on ads all the time to "test" the response of landlords...  

BTW, that deduction is added back in to your AGI for lending purposes, and currently eligible for the next 7 tax years.