Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

While we are not tax professionals ourselves, we do share how we ourselves have made millions and paid very little taxes along the wayAlso @Eli Edwards A network of relocation specialists is not a reason to invest in a course.  

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

As a long-time GC, I wouldn't care how you paid me.

Remember to split the expenses and depreciation based on how much you rent it out versus using it personally. 

Think through what your parent or grandparents paid for their house.

It seems like the shortest path to cash-flow with the less out of pocket expense. 

I knew that was not true because I had paid $780 a couple months before on a property in the same area and also my realtor told me that her clients had been paying that lower rate.

However, members can invite guests to attend certain paid events so the guests don’t have to pay.I also attend the San Antonio REIA (SAREIA) lunch events.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.