I'm giving myself 10 years to be successful at this.Turn key properties are best for me right now, as I'm a provider in a clinic and work 3 nights a week in an ER, so my time/energy is limited.Thank you all for any tips, advise or otherwise!

Some policies have vacancy clauses, and if the property is empty for, say, 60 or 90 days, your coverage may be reduced and you may not have the coverage you think you have. 

Looking forward to seeing your portfolio grow.Feel free to drop me a note if you need any help with cost segregation (how to reduce your taxable income using advanced depreciation).Chris Schmidt-Löffler

5️⃣ Energy-Efficient Upgrades: Solar panels = tax credits!

I ran into this recent TurboTax article  that led me to believe it was possible: Second, you may have a net operating loss (NOL) if the Section 1231 loss is large enough to reduce your other income below zero.

This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.

All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

Are there any safeguards to reduce your risk from the property seller?

Converting the short-term rental to a long-term one can help reduce the hassles of frequent turnover and management while offering more predictable cash flow.

Additionally, there is specialized equipment including diagnostic machines and hydraulic lifts.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.