the main problem is that the rent I receive is taxed as income and the rent I pay isn't tax-deductible Your costs as a landowner are tax-deductible, right? So

the main problem is that the rent I receive is taxed as income and the rent I pay isn't tax-deductible Your costs as a landowner are tax-deductible, right? So you're only taxed on actual profit? Doesn't seem like you should be any worse off