By expensing items instead of depreciating them, you might reduce future depreciation recapture.

You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and maintenance costs from your rental income.The biggest advantage is depreciation—this allows you to deduct a portion of the property’s value (excluding land) over time, significantly reducing taxable rental income.

I did all the labor and will have to come up with my labor worth (Finalizing this number but its in this ballpark)$3,575 Current Rents > $2,545 Previous Rents (40% Increase)             - Unit 1 $595 to $750 - Unit 2 $650 to $900(when I move out) - Unit 3 $650 to $1075 - Unit 4 $650 to $900$360k - $400k ARV > $380k x 75% = $285k - $225k = $60k Cash Out?

They share this trait with W2 labor cost.

.--- Tactic 3: Diversification: He invested across various real estate sectors, reducing risk.2.

Quote from @Melanie Baldridge: It's really simple: increase earnings, reduce expenses, save, invest, and wait. 

Increase earnings, reduce expenses, save up, and buy one property.

So far I have not taken money out of a tithe account when there are losses, but since I give tithe on net profit from all my properties, does it make sense to reduce current year's profits by prior year losses as much as the IRS allows and pay tithe on the net profit?

As I'm in talks with the oil company that currently owns the land, what questions should I find out from them that would help reduce any surprises?

We have a large lake house in the midwest that attracts multi-family stays from Memorial to Labor Day.