Yes, since you’re a real estate investor and possibly a high earner, you will definitely benefit from working with a specialized tax professional who understands real estate tax strategies, rather than just relying on an H&R Block preparer.

😊CA is a pretty easy state to get wage garnishments, all the while interest in accruing on the judgement, and also you can get bank levies.

This becomes even more important if you’re a high earner because taxes can eat up a significant portion of your income.

This way, their allowance becomes wages, which can be deductible as business expenses.However, keep in mind that many property management company owners report that margins are often tight, especially if you’re only managing your own properties.

The long-term treasuries are screaming higher rates and inflation being heavily persistent, which usually means underlying house values will go up but I don't think we see that if wages aren't supported in the short term.

Simply because the interest payment alone at 7% APR will be in excess of $3K, the total gross income of the earner you mentioned.

I saw a prior post where you mentioned having a STR in Texas.you want to have a conversation with your accountant to see if it can be treated as an active property instead of passive.If it can be, then there is a potential opportunity to offset the losses against other forms of income such as wages, interest and dividends.

Boom, she was bumped off section 8 and then because she made minimum wage, was struggling to pay rent.  

It would need to be an hourly wage or a salaried wage to not get in trouble with the real estate commission. 

At same time there operations costs are also expanding due to wage inflation naturally fallowing the "everything inflation" so yeah....