<prompt> Human: So, I am currently able to be financed for a mortgage based on my income and job stability, no problem. I was looking at a home in my area, and found that my mortgage payment would be roughly 2000, and that a similar home in the area could be rented for roughly 3300. What I want to know is if it would be possible for me to purchase this home, rent it to someone, and then claim the rental income on my taxes in order to then use that added income to get financed on another house, and so on and so on until ive got a bunch of rental properties? Have I found a glitch in the banking matrix, or is this too good to be true?  <response>: You know we are getting into another housing bubble when people like OP discover renting property. 