, but now it's tax time.I see on lots of sites (including IRS Publication 527) that you can deduct your initial mortgage fees (origination fee, processing fee, appraisal, credit check, etc) amortized over the life of the loan. 

My issues started when Sherman Bridge deducts 10% of every draw.

Is that 100% tax deduction on the house that I bought my parents?

Nothing was mentioned about hiring their kids to help with his wife's home business, allowing the kids to earn income (and them deductions up to $12500) so they could fund Roths.

For example, if it was a major water damage that cost thousands of dollars then you would be out of pocket a couple of thousands, but if you had mandated the tenant to carry Renter's insurance then you would have just paid the deductible.

Nobody wants to look foolish so a couple of the CPAs said they understood (one was also an attorney who had a certificate that allowed them to practice before the IRS) and still they missed some significant facts that allowed for some serious tax deductions for me and smart inheritance planning.

Any info on limits and deductibles would be great!

@Sian CromerIf you are not familiar with real estate tax deductions I recommend that you hire a professional, especially for your first property. 

Some landlords have a clause in their standard lease that tenants must pay a deductive of $50 or $100 on any repair.

Very cool book, it isn't boring at all, and it provides real life examples of tax deduction scenarios, 0 court cases!