Investment Property Deductions - The Granddaddy of Deduction

If you've got a spouse that doesn't work or has a low income, and that fulfils this criteria, i think it's a really good way to save some money. But remember the golden rule, never invest in things just for the tax deductions. You need to invest in investments that are good before considering tax implications. So how does owning investment property become tax effected? What sort of things can you actually deduct from an investment property? Well, ideally you want to buy something that's going ta rise in value and produce an income. And hopefully that income rises, an income every single year as well.