Even if the property loses money, the owner gets tax deductions for depreciation...

pchristensen on May 12, 2008 | parent | context | favorite | on: Homeowner vs. Renter: Why Should You Ever Buy a H...

Even if the property loses money, the owner gets tax deductions for depreciation on the property, and the owner can apply the loss to their own taxes (useful if you have high income like a doctor or lawyer).