That way, you may keep your monthly cashflow and increase even more passive income.But this only works if you are having positive cashflow after deducting all the expenses of maintaining the houses.

Can I still deduct loan interest during taxes to reduce my tax from rental income?

You take this amount and depreciate this for 27.5 years.There are various stuff that you can deduct as expenses: Rather than giving you the list, first, let me say that you can deduct expenses that meet these two criterions: Ordinary Course of BusinessNecessary in the course of businessHere is the list some of the items:1) Mileage: any mileage that is associated with the rental activity.

Hi, got an extension of filing since getting bogged down with details. I have two residences I airbnb out (whole house) when not there. My expenses far exceed my income and so I'm getting limited on many expenses. Can...

if you invest in actual properties or syndications, you lose the tax deductions that you would get in a taxable accountalso, research recourse and non-recourse lending and their tax implications in retirement accounts

Each year, I make a prior year non-deductible IRA contribution and then convert to a Roth IRA - i.e., backdoor Roth.  

@Larry T.Flip income is not as tax friendly as buy and hold income.Flip income can be subject to federal income tax, state income tax and self-employment taxes.You should have benefited this year with the 20% qualified business income deduction.

Per AZ law you need to take action to market the property at fair market value, re-rent the property and you can deduct the cost of re-renting from the tenant's deposits.

If I am understanding correctly if we sell it now profits would probably be considered ordinary income but we could directly deduct all the rehabbing. 

Important you consult  your accountant,  but it's my understanding you use the Heloc strictly for the investment & do not mix personal use with the investment use so the interest is tax deductible.