What tax implications will I face from purchasing a Real Estate Rental property?

What tax implications will I face from purchasing a Real Estate Rental property?
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Purchasing a rental property can be an excellent tax advantage, actually. YOu will be able to deduct most of your maintenance, repair, interest, taxes, and some travel expenses - similar to running a business, the costs of maintaing the home will be deducted from your actual rental income.
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