The killer of Ihc is the 5% permitted exp allowanable for tax deduction. So even tho u take salary or incur other exp, the exp deduction is limited to 5% of the rental income. The good thing about Ihc at the initial stage is banks give funding based on ur personal income with personal guarantee attached. In Long run when the sdn bhd is free of debt n generate healthy cash flow, u can keep buying without giving personal guarantee to bank. Bank won't fund a aging man but an Ihc won't age.

A sdn bday with running bz is diff risks assessment for banks. They judge the sdn bhd on its own credibility and cash flow. Th exp can be deductible but on separate income source.

yupe, if your company goes bust ... the property go as well.
but then again ... you plan to bust your company of 7 years ?

don't quote me session :
since you have experience running a business.
Start another S/B providing support to your main business.
have your main business engage your second business to do job
your second business would have a steady source of income form your main business.
your main business is the customer of your second business.

example ... open a account firm, since your main business need to engage accountant for annual audit. would be best if your wife is an accountant.
other example ... open a handyman company to repair property ... since your property need maintenance. 

so now your second company have a legitimate business ... of 1 customer !! YOURSELF !! 

If I were u, set up a Ihc buy a property borrow under sdn bhd with personal guarantee. Banks don't normally lend to a start up sdn bhd even tho is a mortgage loan with owner personal guarantee.

After release the first payment, inject ur bz into the Ihc and make it non Ihc. Becarefully with the 80% income ruling to classify as non Ihc.

Ur rental deduct interest = investment gain only can be deducted against current year losses since it is classied as investment income rather than bz income. Manage it thru ur salary so that enjoy the personal scale tax rate rather than straight 25% tax

Also the downpayment u make for property should put as advances rather than share cap to avoid hitting min 2.5m share cap in order to enjoy 20% corporate tax rate.