Tax on rental property capital gains

[Nar Rav]

Hi,

I brought a rental property in California under company A (paid in full). Suppose, I‘m getting $12, 000/year ($2k/month) after deducting all taxes and expenses. I want to buy another rental property in California with 15 year loan. I want to pay the monthly EMI using another rental house’s monthly rent + first property’s profits ($2k/month) .

My questions are

1. To pay first property gains ($2k/month) to other property monthly EMI, both properties should be on same companies name or both should be on two different companies or both companies should have a common parent company?

2. I’m using first property gains to pay another property monthly EMI, can I consider these payments as expenses on first property ?

Thank you very much for your inputs.