Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Of course you can never have control of the money and you must have your QI in parcel before your sale completes. . 

Joint ventures entail utilizing your own money to buy properties with others.

Now the paper losses are still able to be realized via the holding companies while the management fees are earned tax free?

I spent a ton of money to do things right and nobody wanted me to.

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

Hard money loan that covered 100% of rehab and 90% of purchase.

It is very easy to save money working in public accounting.I forgot what my dinner allowance was working at the big four 5 years ago in a major city(I think it was like $20?)

What you have is money.

Sometimes, we tax professionals can save you a lot of money or save you from a major problem.