I wanted to know what are the limits on deductions for depreciation or cash flow passive income on rental homes owned by a licensed RE agent.

So I only have 50% to deduct from but that's still a start.Does anyone have an example of cost or at least break down of percentage?

Because other aspects of my business(es) will have great impact on my tax bracket, available deductions, etc, I'm not sure I could accurately factor taxes into the equation even if I wanted to.

If (it is customary in Ohio) to have a tenant or optionee to be responsible for maintenance, the value of that responsiblity and estimated costs should be deducted from rents.

With a $1,00 deductible, is there a good 'rule of thumb' for making a claim?

I work and live in Florida and will like to deduct taxes.

In my case the new standard deduction level of $24,000 for a married couple pretty much covers my interest deduction, the result being that I have lost the tax benefit I once had on my home mortgage.  

When the property is sold any rental losses not used will adjust the basis of the property.There are a number of strategies that can be explored to maximize your tax deductions though.

if you can afford to obtain a mortgage or can negotiate yourself into a home you can afford. i always say own your home. if you rent you never receive that money you've spent paying rent. there are numerous benefits to owning tax deductibles, rebates, incentives, better voice in the community, etc....

Jimmy, you should have a search done and closing, you don't need to have title insurance as title is not transferred...when the buyer actually purchases, you close and insure that transaction.If the seller is to retain tax benefits, you do not need to report the transfer by a CFD, if the buyer is to take any tax benefit (interest deduction or depreciation) close and report.A notice of the CFD needs to be recorded, not the entire contract.