It's really not that expensive and tax deductible. 

I have also seen people refer to it as a deductible, so the tenant pays the first $50 towards any repair.

So my management company added building insurance deductions to the statement, but I already paid this up front for 12 months with the insurance company.

I will recommend my favorite book on the subject, which is "Every Landlord's Tax Deduction Guide" by Stephen Fishman J.D.

It takes up less room and you can feel good about improving your property, gain a deduction, at making 4 dudes that are probably pretty tight on cash happy.

If you're going to claim a year/years long tax deduction from the empty place it better be able and ready to be rented, which would mean for me that I would do just that - list it at the price I wanted so I had something to show the IRS.

She said i made too much and that anything over $75k (W-2 job) you can't deduct passive losses and that they keep carrying over until you sell the property.   

It will benefit you for the life of the loan, they are tax deductible as well.

In other words, "Your mortgage interest [and PMI] may be a deductible expense, but it is not an operating expense.

The only tax benefit that you receive for a SMLLC taxed as a disregarded entity is that you (generally) get to deduct the annual registration fee that you otherwise wouldn't have paid.