Real estate is purchased for many reasons today. Some people purchase a house to make into a home, while others purchase buildings for rental purposes or to renovate and sell at a profit. People want to be able to purchase property successfully, avoiding the pitfalls, so they can make money rather than losing it. Your accountant should be able to give you advice on what kinds of expenses can be charged against rental income. Do some research to determine how the real estate market is trending in your area.