Good morning BP Community!  I have several opportunities to snag up a self storage complex and a 18 unit apartment complex on creative financing . Both are almost set in stone.   My problem is coming up soon..  very s...

Instead, You get to use the tax for your own benefit and purchase better property/ properties.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

I sent pictures of the floor before and after. 

So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. 

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.

In that case you might save taxes building with them.

If you think ahead, you can minimize recapture with the right tax planning.So what is recapture?

Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.

Have enough that after you buy the property you still have 6 months of expenses in reserves that you can use for daily living.