You can get 10 fixed rate low interest tax deductible 30 year mortgages. 

Is it possible for me to deduct these costs from my tenants security deposit at the end of the lease period?   

The IRS requires you track, report and take all allowable deductions.

And their part would be eligible for a 1031 as investment property.

1) I use 3 times the rent to be eligible to rent  this is a HARD number and I don’t go below it ever  because it is 1/3 the gross salary of the individual which is customarily the amount recommended for owning a home or any budgeting classes or lecture or anything   So for me this is the pass fail item   If I can not verify the amount then it doesn’t count as income  2) I use 600 for a credit score minimum in my advertisements, however my tenant pool is typically 525-600 scores.  

I pay down enough debt on each property to make sure they can handle a 20% deduction if rental rates go down in my market.I look at my spread between the market and RE to make sure I'm at balanced based on my long term strategy (I max out our ROTHs).

I’m wondering how the new tax law has affected buy and hold investors who phase out at the $150,000 W-2 max income for deductions.

@Tony F.You may be eligible to exclude a portion of the gain on sale of a personal residence.

My parents live in this town, so my visits 800 miles away are tax-deductible : )The house is in California, but in a poor rural gold rush town near the Oregon border.

I'm not referring to the actively participate/10% ownership situation that allows for a 25K deduction.