It would be similar to a charitable gift.In a conservation easement, a real estate investor “donates” development rights on a piece of property to a qualified charity, public agency, or land conservatory.In return for the donation, they get a tax deduction as if they gave cash to a charity.Let's dive into the basics.Let's say you buy a 20-acre piece of real estate that includes a 5-acre self-storage facility.

I think many people have sufficiently answered your question, but here's an article that you may find helpful regarding STRs to determine if this is a strategy you are interested in.

Self promotion is much appreciated but the preference is given to first-hand referrals.Thanks in advance and happy investing!

There are hardship withdrawal provisions and others that can be exercised if you meet the requirements. 3) If you have access to a workplace plan, like a 401k, with a Roth component, you can consider that as well. 4) If you setup your Roth with a Self-Directed IRA custodian, they can allow you to invest in assets like real estate, private lending, private equity and other alternative assets. 

When you said the two homes in the mountains are high maintenance, are you self managing those?

So if you are self managing your property and it’s under an LLC and you lock the doors and do not give them access - guess what - the tenant does not sue the LLC fairy - they sue the LLC and the person who committed the act.

I ended up investing in 3 deals with Western Wealth Capital in 2021. 1 is underwater and they couldnt raise sufficient funds for capital call. 

My personal investing strategy is more in line with what Wes is doing and I make WAY more on my properties through taxes and depreciation than I do in cash flow (specifically my short term rentals that I self manage). 

@Cameron TopeSo I am self managing my properties.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.