If the trust gifts you the property, it retains the original cost basis, potentially leading to high capital gains taxes upon sale.

Ofcourse my mistakes would cost me if done all my self as well.So i am thinking that by going through paid consulting, it saves me from mistakes and time.

And hopefullt you won't need a traffic light, which costs in excess of $100,000, though you will be required to do a traffic study. 

Structuring my investments to take full advantage of bonus depreciation and tax loopholes.Using cost segregation studies to maximize tax deductions on real estate.It’s highly likely 100% bonus depreciation will be restored and be retroactive to the previous few years.So I’ll be advising high-net-worth investors on how to legally keep more of their money.#4 Investing in bitcoin and crypto.

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

The management company has replied that they don't coordinate with neighbors and just want me to cover the cost of all the repairs. 

And if you do, you are going to possibly sacrifice the value of the tenant that you get for the price that you're getting upfront, and if you're going to lose your tenant that you currently have then you risk the vacancy, having to do a rent turn, and that would come with more maintenance, and many additional costs that you would have To encumber that would most likely far exceed that $160 extra that you were trying to raise in the first place. vacancy means no money coming in, and then your investment is dead in the water.

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

You’ll put 5% down but get 2% back on sale (which might pay for your closing costs) and then do a rent by the room to cover your expenses and downpayment for next year) Not sure which university you are at but both Henrietta and South Wedge are solid places to start (serving RIT and UR respectively) Good luck, I personally think Rochester is a great area to start due to constrained supply with a growing population

@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.