Utilizing property to reduce taxable income

[Lucas Rowell]

Hello and Good evening BP Brothers & Sisters.

Tonight I wanted to post a question I have been thinking a lot about lately. "How could an investor best utilize property to lower taxable income"?

We currently own two properties we had the good fortune of purchasing with VA loans that started as primary residences and became rentals for one reason or another. I am semi active in acquisition side of wholesale aside from having a traditional real estate team. We are working on buying additional properties for buy and hold to become FI.

-Could I accelerate depreciation on multiple properties to reduce my taxable income if the plan is buy and hold? If we did this and needed/decided to sell a property and utilized a 1041 exchange could we roll the accelerated tax implications forward while still utilizing accelerated depreciation on next property without having the tax implications of accelerated depreciation realized? Copy paste repeat?  Maybe another way of doing this? 

Just trying to brain storm some ideas, any suggestions would be warmly welcomed. : )

Cheers 

Lucas

-