if my wife is paid 30% of collected rents to manage the property it will reduce my Schedule E profit.

Another big hurdle is not understanding how to reduce your SE taxes and how to use RE to wipe out the income tax.

Things happen, having someone there reduces your risk, period. 

High demand in those locations pushes rents and prices consistently higher year over year, access to commuting and metro reduces vacancy, much more demand for room rentals south of 200. 

@Enrique MendezTo reduce mortgage payments, consider FHA, VA, USDA, house hacking, conventional loans, seller financing, lease options, partnerships, down payment assistance programs, creative financing, and DSCR loans.

These deductions were crucial in offsetting the property owner's taxable income, effectively reducing their tax liability.

Once the income is between $100,000 - $150,000, the total $25,000 allowed quickly reduces to $0 once your income is over $150,000.

either before, or just reduce the price to account for the cost and you do them.

I am trying to balance my overall portfolio and would like some advice on how people would balance this if they were in my shoes to in order to reduce risk and increase overall gains.I currently have 2 rental properties and 1 primary residence as well as cash and brokerage funds.My main questions I’m looking for thoughts on are…- What percentage would you keep in reserves?

Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.