Oh, I figured all those kinds of items are “deductible”, but must also offset by the income, so if the profit exceeds expenses, it’s a wash, right?

This basically leaves depreciation as the only advantaged deduction as it’s not really money out of pocket (unless you are operating at a loss every year).

That said, I get too that if it at least pays for itself today, it’s pretty much only going to get better from there. The challenge, of course, is finding properties that work, but in time, I’m sure there will be. Well, that and coming up with all those down payments.

On the interest rate, I’m talking about loans for investment properties vs. primary residence. When you say 5%, that seems to be the going rate for primary today (maybe 4.8ish). Are you saying you can get really attractive rates for the former as well?