And still get deductions because of no 401k? 

I wasn't sure if we'd be able to deduct all the improvement expenses from our profits if it's in our own names-

I wasn't sure if we'd be able to deduct all the improvement expenses from our profits if it's in our own names-

I have not furnished this information up front, other than to say generically it is the original deposit + interest (NJ law) - deductions. 

Also realize, you get a tax deduction for any interest you pay, making your Real cost of the interest 25-35% less.With a zero % interest loan there is NO benefit to making extra principle payments....you’re needlessly paying back money that has zero cost, saving you nothing.

@Jason Levy ooooohh that’s never a good thing to have happen!

I’d you paid a plumber to repair your rental property, from your (after tax) personal checking account it would still be deductible. 

Any expenses to the exterior or any common areas, ie, roof, landscaping, paint, is all 50% deductible if you're house hacking a 2 unit bc it's shared by your tenant. 

The portion used for personal expenses will not be deductible.

You receive a copy of the declarations page showing basic coverage, limits, and deductibles.