To those who rent out their home....
We are coming down in a few weeks to hopefully buy a home and out intention is to rent it out for a couple years.
I was planning a home equity loan for the purchase but I was wondering if there is any tax benefit to getting a stand alone mortgage for what will be a rental for some time. Are there deduction or depreciation benefits I would be missing or are they the same regardless of how you manage the purchase. Any opinions would be appreciated.
Thanks...
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