Even better if you can work for a property manager or real estate compnay. 

But main point here is, grouping elections can unlock real estate depreciation deductions in sort of the same way that "real estate professional status" and "short-term rentals" do.Amazing!

Quote from @Praveen Kumar: Hi everyone,Me and my wife very new to real estate investment and yet to buy a property.

To me that's real Private Money. 

Also evil, by the way.If your real estate business is filed as part of your personal tax return, which would be the case without an LLC or with a single-member LLC, then double-entry accounting and Balance Sheet are not needed.

Five years ago anyone and everyone was getting into owning real estate and many of them right now lost all their investors money and went broke.

For the past decade, my husband and I have run several real estate investor groups here in Milwaukee that allow us to be very attune to what is happening in our local market and I'd be happy to warn you about things to watch out for. 

I have mixed thoughts on this on how it will impact the real estate sectorWould like to hear  your thoughts

Do you mean you are a US resident / citizen who invests in real estate abroad or are you a foreignor looking to invest in the US?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?