Best tax setup for low value houses with cash flow?

I'm about to close on my first year in real estate and on pace to net 15K renting out two cheap houses valued around 60k. Both are under my own name (sole prop), 1 has a reverse mortgage. I'm starting to worry about taxes because depreciation may not give me tax benefits. Any general advise on where to take it from here?

More real estate tips at Program Realty Wix site

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