Significant Net "Losses" on Taxes despite Positive Cash Flow

[Andrey Y.]

I was just doing taxes for 2018 and have noted something peculiar, most of my properties I self-manage. So I do pay monthly PITI and HOA fees. Then there are repairs, occasional utilities, and of course depreciation deduction.

Somehow, almost always I am anywhere from near break-even to a -$3500 loss. So I end up getting money back from the IRS. I am doing everything diligently and by the book. Even though I get a solid 4 or 5 figures in net positive income that flows through my real estate bank account, I am not paying any taxes !! I am actually getting money back from the IRS despite setting "2" for the how many points do you want to claim as a dependent.

I guess I should be really happy? I haven't even inputted the K-1 apartment syndications, which most if not all had passive losses, but I got positive income into my bank account !!! How is this possible?

It seems crazy for any physician to continue working and paying over $100,000 per year in taxes, when they could just be doing this! My mind is pretty blown.