Negative gearing means that they use the losses against their taxes.

My son and I used to do tax deed and mortgage foreclosure recovery, and we were running through over 1,000 traces a month.

I’ve been interested in real estate for years and have invested as an LP in several projects, ranging from residential single-family homes to NNN properties and flipping.While I haven’t owned any property yet, I’m hoping to take that step in the near future.

If its a volunteer fire company you may be able to donate the house to them for the purpose of training and get a tax deduction .

And 54% of the basis would be allocated to the 200K house.You'll have a small tax bill on the difference between your sale and purchase prices.  

Four of the biggest advantages of long term landlording are property appreciation, rent increases, debt pay down, and tax advantages.

My first deal was a house hack and when you combine rent savings, appreciation, loan paydown, tax savings, and in this case even cash flow, my internal rate of return (sorta like ROI but more detailed) was almost 300% annually.

@Lexi Blocksom If the burden of holding the property outweighs the long-term gains, a 1031 exchange allows you to defer all taxes, and you won’t have to recapture depreciation.This option enables you to use the deferred tax benefits to purchase nicer properties in areas with greater growth potential.Once you complete your exchange, you can immediately do a cash-out refinance if you need access to some cash, tax-free.

Below average school districts which saves me on property taxes.

Remember your situation is unique so it's important to consult with a tax advisor or CPA to explore all available options and ensure compliance with tax regulations.Thanks!