Tax advice for sfh investors

[Jon Perkins]

Ok. So I've started my real estate journey with yhe purchase of 2 sfh rental properties in Pensacola Fl. My wife and I are high money earners (I guess. We live in CA so doesn't feel that way) at over 225k annually before inuding rental income. I've since discovered that there are some significant issues around deductions and depreciation with the rentals that could potentially destroy all profitability from those rentals. Any advice or stories about your experiences with this would be appreciated greatly.