The total of all depreciation taken is taxed.

I highly recommend it.If you have any other questions or need any bookkeeping or tax help, please feel free to reach out.

BUT when you're doing an arbitrage you're just getting cash flow and you're missing out on the equity and tax benefits

I use Stessa to keep track of all expenses and comes handy for taxes.

But there are implications to that strategy so be sure to discuss your specific situation with qualified tax expert as this is not a tax advice and I’m not a tax expert. 

Nevada is a great place to invest because it's landlord friendly, low property taxes, tech job growth, population growth, and no state income tax. 

@Angel M.Please discuss this matter with your CPA, who will likely tell you this is self-defeating.Passive income from rentals is favorably taxed. 

Unfortunately once you head into the suburbs the higher taxes really eat into cash flow. 

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

We are not married, but I charge her 'rent' which is a little less than 1/2 the mortgage.Are there any tax benefits to saying she's a renter and I'm the landlord?