Rental property

I have rental property and for the last three years I have been reporting on Schedule E, the mortgage interest, taxes, insurance, etc., even though it's been generating no rental income. The property is available for occupancy, and I have been actively pursuing tenants. I also owned a second home.

I don't want to raise any red flags and I like to know my options if possible.
If I covert the property to just personal use am I out of luck in deducting the
mortgage interest since I already have a second house.

Thanks

Dban1957,

Yes, you are out of luck somewhere...
We can deduct the mortgage interest on our primary and a second home.

We can deduct local property taxes we pay, on all the property we own.

You should be taking depreciation on your rental too.

And ask why hasn't this been rented? Then take steps to change that.