Both, homeowners insurance and mortgage insurance for a rental property are deductible rental expenses. While Homeowners insurance is entered as Insurance expense, the mortgage insurance is entered as mortgage interest (see pic).
Deductible expenses also include, but are not limited to:
- Cleaning and cleaning supplies
- Maintenance and related supplies
- Repairs
- Utilities
- Insurance
- Travel to and from the property
- Management fees
- Legal and professional fees
- Commissions
- Taxes and tax return preparation
- Lease cancellation costs
- Advertising
- Real estate taxes
- Mortgage interest
https://ttlc.intuit.com/questions/2569433-what-kinds-of-rental-property-expenses-can-i-deduct
