Depends on how you structure it. It also depends on how much in assets you have (many people start with a heloc). As if the market takes a dip or long term low inflation you can end up stuck. You also have to be careful not to overleverage yourself. As you can end up borrowing to pay back another loan. It is why you see 'rich movie stare declarers bankruptcy'. It is not risk free. But with discipline you can do it. Also remember you can 'own' more than one company. Perhaps one company owns 5 houses which one of those you happen to live in...
Find yourself an accountant. They will show you how to set it up. It is also usually decently complex enough to be a pain to do in the day to day running of it (hence the accountant).
Also up above I said 'long term low inflation' can hurt? Look at what is going on and you can figure out why suddenly we have lots of it. Think about borrowing at 2-3% and inflation is 5%.
That's covered under the "standard deduction" in US federal taxes. I'm not saying it's fair--that deduction doesn't really cover rent in most places--but that's the intent. Basically, you can't use the same system because the tax code is rigged in favor of the wealthy.
Find yourself an accountant. They will show you how to set it up. It is also usually decently complex enough to be a pain to do in the day to day running of it (hence the accountant).
Also up above I said 'long term low inflation' can hurt? Look at what is going on and you can figure out why suddenly we have lots of it. Think about borrowing at 2-3% and inflation is 5%.