How did you discover real estate at such a young age?

Whether you're a beginner or an experienced investor, there's always something new to discover on BP.

You probably don't have a second mortgage otherwise the second bank would have discovered the first mortgages (perhaps what happened here?).

Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.

By staying adaptable and informed then study it and make decisions. 

My husband discovered I had a boyfriend and refuses to pay the rent2.

I have seen 2 recent studies comparing initial cost of renting to purchasing.  

I'm not a CPA (although I do know a great one that specializes in RE specifically) but you can run a cost segregation study to accelerate depreciation into the first year to help on taxes (although this is phasing out, but can still be powerful), and may help with your plan to do Roth conversions. 

While serving as a VP of Retail Operations for over 20 years at a national retail chain, I consistently pursued real estate studies and successfully invested in several properties.Currently, my primary focus is on selling and listing real estate throughout the Atlanta market.

A cost segregation study is a great way to reduce your taxes, but remember, not every cost segregation study is the same.When considering different cost segregation firms do your Circular 230 Due Diligence and ask:- Does the firm have engineering licenses with the State Authorities, proper licenses overall, and proper insurance?