I took the address to the Levy Court recorder of deeds and she provided me a document of the property info and where the current owner lives.

You definitely can take advantage of principal pay down, interest deduction, depreciation and on occasion but don’t count on it appreciation.  

Dunno if you get his senior freeze deduction, as that is means tested, and I don't know if it depends on his calendar year 2018, or calendar year 2019, income.

So interest on the original balance of the loan will still be deductible, but the deductibility of the interest will for the cash taken out will depend on the used of the funds.

Point is I am ok with deductions for major issues or damage, however how can I disput some of his claims, since I never saw the damages that he is claiming.

@Simcha Davidman, ok so if I am understanding this right, what you are saying is that the tax deductions associated with owning a rental property can off set for the most part the income taxes that you would pay for having rental income?

If they do not, they can levy a special assessment for any major repairs or renovations at any time.

I try to carry a lot of deductions and it lowers my agi.

There's no doubt a land value tax of that magnitude would create downward pressure on real estate prices.Your costs as a landlord just went through the roof as you've traded a beneficial income tax structure that allows deductions, particularly depreciation to modify your taxable income to zero or below zero for one in which no deductions are allowed and you owe every year...Not good for those who own rentals in my opinion.

I think most tenants know how easy it is to patch picture holes and wall repair deductions for thirty-second jobs (10 seconds spackle, 10 seconds spot-prime, 10 seconds paint) are resented very much in this business.