Hi Katie, do the tax benefits apply to just Real Estate professionals or could it also apply to regular full-time W-2 employees?

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

If you wait until 70, you can maximize your benefits. 

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.

Also AirBNB stocking fees, maintenance, cap ex.But at the same token know that the principal portion of your mortgage payment is actually not a true expense so there is that benefit to doing all of this even if you are light on the cash flow or break even.  

I’m originally from NYC and I’m currently working overseas for nearly 10 years as a Construction Manager and have been enjoying my time here as well as my family (and the tax benefits too!!).

That way you'll benefit as revenue goes up over time and your portion will go up too. 

If you have limited funds, how are you going to flip the worst properties out there that cost the most and are the hardest to flip.I know social media makes it looks like no-money and low-money down investing is feasible, but probably 95 percent of the deals that are done like that are done by people with money because it's the leverage money gives them to make a deal like that to the benefit of the seller.Don't rush to get a third property that needs work on your ledger when your funds are already limited.

My boyfriend is a 100% disabled veteran who receives $6,500 per mo in benefits.