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You will be able to deduct expenses associated with the upkeep and maintenance. Most common expenses would be property
tax, insurance, mortgage interest
, cleaning and maintenance, utilities, registration and other taxes and you will also be able to deduct percentage of the purchase price every year through depreciation
How much of the expenses you will be able to deduct will depend on the use as well and how many days in the year you will rent it out. If you will use the motorhome for personal
purposes your deduction
will be limited. The motorhome will be treated as second or vocation home for tax purposes. Here's what IRS regulations
are regarding renting home/cottage/ and other dwellings, including motorhomes: http://www.irs.gov/publications/p527/ch05.html
If it is a good or bad investment it depends on individual
circumstances and I guess location as well.
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