Tax Benefit for W2 Income

[Mallory Jakiel]

Hello,

I am new to real estate investing.  Part of the reason I'm beginning down this path is for a tax shelter for my W2 income.  I'm married with one child and make $135K.

Will I benefit more in tax deductions by purchasing a $60K house and put ~40K worth of rehab into it OR purchasing an $100K house that requires little to no rehab?  

Thanks in advance for your advice.