Hey guys Im new to REI and really life as an adult haha.

It’s quite simple really. 

While your parents may have experience and a simpler approach, even with just two properties, you could miss out on key deductions like depreciation and interest without professional guidance.

Will this improve your quality of life?

FHA loans taken out after 2013 with only 5% down cannot drop MIP for the life of the loan.

If a person is 20 years old, and their life expectancy is another 60 years, then that $600/year adds up to a whopping $36,000,...total. 

Someone that can come in with high % equity (maybe 1031) it would be great long term and short term cash flow with a lower loan amount.I’m in the realm where I can afford it not a big enough dent where my life is being changed at all really.

However, the lower payments give you flexibility in case a major life event stresses your finances and/or monthly cashflow. 

I am curious about how that is actually handled by other tax pros in real life scenarios. 

My approach is one of careful research, strategic planning, and a willingness to adapt as I grow in this exciting new chapter of my life.