Let’s say we pay X amount in mortgage.My question is : how do I calculate mortgage/interest/property tax for other house which we have rented so that I can deduct that from rental income?

Reach out to hospital administration: Contact the administration office of the hospital and inquire about their housing needs.

It would be same as saying you also owe future taxes and insurance.

Work with an experienced tax planner/strategist specializing in real estate and not merely a general tax preparer.

This means expect tax increases, expect HOI increases, expect tenant issues, PM issues, capex issues, everything in between.

What would be the best way to do this for tax purposes, liability, and breaks?

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

You're typically subject to by the rules and laws of that state, but it streamlines the administrative procedure.2.

And the property assessment would need to be changed, and of course, taxes increased, as well as separate utilities.

Tax Benefits.