- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

You get an operation running well and then you can be benevolent.  

The better your can run and manage that business the successful you will be.

@Jerry Chilimidos,Ned is correct, if you end up refinancing your rentals in the IRA - your IRA will be subject to UBIT tax on leveraged portion of the income so be sure to run the numbers with you CPA to understand the tax implications. 

Would be happy to help with insights into the area and run through numbers. 

Not in San Antonio, but Scott Horne out of Garland is an expert and runs a title company.

If you want to shoot me a DM on here, I'm happy to run your properties through the system for you. 

Many are run by fake gurus who are just repackaging stuff they found on BP and repackaged as a get rich scheme that they sell by showing pictures/videos of people partying on a beach and things like that. 

However, I am unsure on how to go about finding the proper handyman/maintenance guy/management team to help run any out-of-state investments I make.

The owner lived in Utah and was making too much money as an orthodontist to worry about his run down property.