R,Jairmiya 

@Eric TanHe would still have ownership which makes him responsible to maintain R E Taxes and insurance unless you structured a Triple Net Lease.

These can get very complicated from a tax perspective and hopefully your company Schedule K-1s are not coming from H&R Block.  

Ready for a little R&R over Spring Break to catch my breathe. :-)

I Think we are missing the point What @Erik Whiting is doing is not BRRR even in the imaginary scenario, because the second R is refinancing, and he said he doesn't want to leverage, so for Erick, a Better investment would be index funds that average an 8% return.

As pointed out by @Anthony R., RUBS does need to be supported by your state statutes (most do), but definitely worth looking into. 

Originally posted by @Stephen R.

As strange as it may seem, I found a really good tax professional at H&R block.

You don't want H&R Block. 

@Michelle R.