2nd home tax implications

[John Carbone]

Hi, I am looking at getting a second home that I will be renting out. My question is how do people who do this report it on their taxes? Is it possible to do the 10% down and still classify it as an investment for federal tax purposes? 

[John Carbone]

Thanks Mitch, that was my understanding as well. I will seek out a CPA for official guidance, but I wanted to have some information beforehand.