If you’re wanting to become a co-host it’s no different than being a regular host in my opinion.

Cash flow and taxable income are separate calculations.

Now, I'm looking to venture into real estate investment for several reasons:Diversify my investment portfolioBuild generational wealthLower my taxable incomeMy Investment Criteria:Buy and Hold Strategy: I'm focused on long-term investments.Cash Flow: Not a priority for me; I don’t need the income from these properties, even in retirement.Acquisition Pace: I plan to acquire one or two properties per year.

Are this funds taxable, do I have to declare them as extra income on my taxes.

While it might be possible to find a local banker willing to work with you, but in my experience over the last 8 years it is much better to work with the expert such as @Kreighton Reed who does it on regular basis.

If you can benefit, then regular depreciation is a very small deduction, except for...4.

There are no monthly fees (something that might change in the future).This is one of dozens of forums we regularly check in on.

@Hunter Beckstrom Although I prefer multi family due to scalability and economies of scale I still regularly look at and run numbers single families.

Due to it having section 8 tenants it needs to be regularly inspected and it just passed another inspection yesterday.

I do not want to invest in another property.Any ideas how I can reduce my 2024 taxable income?