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Depreciation only helps if you can use it now which most people can't. You have to roll it forward until you sell the property and use it to defer the gain on sale.
A 100% mortgage is a very bad idea unless you have plenty of cash to back it up in which case its a very good idea.
And, like Clodfobble points out, tenants are a demanding lot. You absolutely have to hire a mgt co to run the property.
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