I certainly won't hold anyone to anything, but could either of you venture a guess  as to what the actual net profit after all taxes (including cap gains, depreciation recapture, etc) would be on a 100k investment with total gross return of 193k on an income of 50k?

I'm not living in that area anymore so I wouldn't want to speculate but I will say it is my opinion that if you are losing money (if you rent for the same as the mortgage payment, you are losing money) then it is not a good business venture and you shouldn't do it.

Since your CPA is advising that your current structure is sound and not worth changing, it seems you're well prepared, especially with your past audit experience.

Investors/Partners: Build a network of partners for joint ventures, sharing risk, and increasing buying power.5.

Remember, it's about careful planning, attention to detail, and making informed decisions.Feel free to reach out if you have more specific questions or need further guidance Good luck with your real estate ventures.

Whether it's seller financing, hard money, or joint ventures, let’s share some ideas and experiences on what’s working best for different types of deals!

@Christopher J FuchsTo prepare for your first real estate investment, focus on building your credit score, market research, planning your investment, networking with investors, creating a savings plan, and exploring financing options.

BP is a great place to start growing your knowledge in preparation for your first investment

UPDATE*I reached out to locally CPA and they claim they can handle preparing my taxes in addition to handling a bonus depreciation.

I know it and I am prepared for it.