Tax write-off on Rental Property

I was wondering here about tax write-offs on Rental Propertys.

I have a $52,000 2nd mortgage (Consolidated 1st mortgage and credit card debt) with a $425 p&I payment with roughly anoter $80 in taxes and insurance. I recieve $550 per month for rent. I already know that i can write off the mortgage interest, but i am wondering if i can write off the whole payment, taxes and insurance, since it is an investment property. any advice would be greatly appreciated.

Yes you can deduct all of that. All of the Tax info can be found at :

This is the IRS Publication dealing with Rental Properties/Income.

you can not write-off principle payments; only itmes that appear on SchE such as taxes, insurance, interest, etc.