Theres many advantages that these strategies can play in eliminating all or most of your fed/state taxes.After this stage where you've eliminated or covered your housing and tax expenses its all "gravy," just keep rinsing and repeating till you reach your desired cashflow goals or net worth goals.The next stage that will come into play is stabilizing your cashflows and asset protection strategies because things arent always so stable month to month with real estate and keeping things going smoothly takes a lot of good people on your team along with processes and systems.

@Scott E. scott I appreciate it man!

There are two types of deductible mortgage interest.Mortgage Interest on a personal residence(Schedule A)Mortgage Interest on an investment property(Schedule E)The $1,000,000 that you referenced is on personal residences that were grandfathered in.

Book suggestions: The E Myth Revisited and Traction. 

The money person gets a steady, reliable stable return and we get about 4 times what we would by simply doing PM for a stranger.

@Stephen E.

Someone must have owned the cave/stable/shelter that Mary and Joseph sought refuge in on Christmas Eve.

To get a credit score I had to fill out additional information and the tenant does not have to approve through e-mail.

Quote from @Scott E.: Welcome Lena!

The other is pay your mortgage out of your business checking and at the end of the year when you file you can use your schedule E or list is on your 1120/LLC returns either way you get great deductions.