Market Conditions: South Florida has a dynamic real estate market.

Based on what you shared you are not financially qualified to own real estate.

I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

We were the ideal customer of a real estate investor. 

@Nicholas Goerss  There are not real tricks to it.

What real estate tax saving strategies have you utilized with other clients?

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

I frequently hear that someone purchased a new property because their real estate agent told them they could get X amount for rent, when in fact, the market comps don't support that amount.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.