I was able to look up the property taxes, calculate my mortgage and insurance and some of the monthly expenses.

Generally we zero out income from the C corp as salary to the two shareholders so we don't get double taxed.  

That leaves 60% to cover the actual costs of mortgage, taxes, insurance....oh, and you do want to make money on it right?

Currently hold no assets.4) Holding 300K in professional school student loan debt at 6.8%, plan to refinance perhaps at 5%I'm trying to figure out my strategy for avoiding taxes on my high salary/income that will start soon, and hoping to invest aggressively in the next few years in order to set myself up for passive income in the future.

@Joshua Smith, the tax payer has to be the same for the relinquished property and the replacement property.  

I was actually wondering who claims the mortgage interest for tax purposes. is it the seller i'm buying from since the loan is still in their name?

This will protect your rentals better and may provide tax advantages.

You get potential cash flow, tax shelter and appreciation.

Income minus $400 for expenses (50% rule) minus $378 (P&I, insurance and taxes) leaves a pitifully small $22 cash flow.

this is something I have done with post-tax monies but am no turning my attention to retirement.so my questions are as follows:1.