Setting up an LLC may allow for deductible expenses, and investing in municipal bonds could provide tax-free interest.This post does not create a CPA-Client relationship.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

Quote from @Jay Hinrichs:Jay, it does look like one of the strategies of this 711Rescue is to restructure the loan for their clients, but at 2x DSCR!

ThanksI have a former client that used them.

This is how our bookkeeping Clients operate and it works.I've heard good things about Rentredi and Rentastic for PM.

The rent-to-price ratios in many neighborhoods are strong, and the city’s population is finally growing again after decades of decline.One thing that stands out to me is Detroit’s median home price—around $95k—which is far below comparable cities of its size in terms of population.

One claimed that their clients are getting $200 cash flow and I asked if this was a someone buying in 2024 or 2014. 

What I wrote above does not create an attorney/client relationship between us.

I'm happy to connect you with the lenders our clients work with for this strategy in the Austin area.

It sounds like you’ve set a strong foundation for your real estate investing journey, especially with the time you’ve spent educating yourself.