How to minimize income tax?

[Shuo Li]

Hello BiggerPockets.

I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.

The issue (a good problem to have, I suppose) is that I am in a pretty high paying profession. As far as I understand it, net rental income would be subject to income tax much like regular salary. While this will not be an issue for the next year or two, I would like to know/prepare for when rental income will become significant. What can I do to reduce my tax liabilities? I understand I can depreciate any improvements made, but what about turnkey properties?

Thanks in advance! 

[Josue Vargas]

You should contact a local CPA preferably with knowledge in REI. There are many legal ways to follow the law and take advantage of REI regardless of your professional income. I'm sure you will find good advice here, but ultimately, I recommend to talk to your CPA.