This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

I ask because I am up here in Pinellas by the Gulf Beaches and our 2-4 Units run between $300K to $650K.Miami 2-4 Units run between $850K to $1.8Million and the Taxes and Insurance premiums are higher.

(ie. there is a Liability loss that exceeds the limits of the Association policy and each owner gets assessed.  

The price of the houses are astronomical,  property taxes is the highest in the States.

I would also appreciate and benefit from tax consulting along with general tax planning.

You’re not creating a tax deduction you’re only pulling it forward.

That sounds like a smart move, especially with the tax benefits!

I ask because sometimes the tax liability isn't always that bad.I generally consider it better to sell/1031 to scale up instead of cashout refi. 

Tax RepercussionsKeep in mind that every real estate market is different, so you need to adjust your strategy to the particular circumstances of the region you are investing in.