Depreciation Deduction Limits for High Income Earners?

[Jeff Howard]

Hello,

I am trying to figure out the best tax and entity structure and strategy before I start to purchase my first properties.  As a high income earner with my w2 job, will there be limitations in the amount of tax benefits that are available through buy and hold, passive income real estate activities?  I know depreciation is considered the king of all tax benefits in the real estate world, so I don't want to set my self up for disappointment if I cannot take that deduction! Is this somewhat dependent on how I set up my entity structure?  Thanks in advance for any advice.  And, yes I definitely plan on a detailed session with a good real estate savvy tax advisor!

Happy investing,

Jeff