Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.

You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

Tax Savings:While it’s true that the stock market has been strong, real estate offers unique tax advantages that aren’t available with other asset classes.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

Said it was one of his tax clients & would not give me their name.

No personal income or tax returns are required.

That had even a passing resemblance to tax returns or financial statements4.

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).