Tax question in regards to out of state investing

[Annwar Matani]

Hi everyone! 

As per my last post I am looking to purchase my first investment property. I was initially looking to buy a turnkey property but I have since found a partner who is interested in value adds and has experience. Hoping it works out we are still looking. 

In regards to taxes, I have a W2 job and I also have a 1099 job. I heard that there are tax advantages/benefits to buying investment properties- is it true I can use an investment property to avoid paying taxes on my 1099 job? 

Thanks in advance