I have all the income and expenses.

.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

It took about 5 years for my assets to start covering my expenses.

There’s definitely a place for both, and I don’t blame anyone for wanting to save a few hundred bucks if all they have is a W-2 with no plans to invest or start a business.But let’s be real—life isn’t that simple.

Walking through, I can see that owner is the type that spares little expense with his own properties. 

That is our plan with all but 1 property. 

Like Jay said, often, new construction does not go as planned.

Unless you are buying at a significant discount, or are hacking it, or have some other value added strategy or plan.

This can be very expensive and is usually the worst choice because you can't justify the cost.2.

If a tenant is breaking clauses in your lease at minimum I would have stated that in the letter, given ___ days to make the correction, or plan to move out of my property at ___ date.