you have to also classify what do they do for a living those of us that are Real Estate Professionals and taxed as such to most its a lifestyle I know it is for me.

But I also love the idea of investing in real-estate and utilizing its tax benefits I have read around 10 ish books or so and the one I am reading right now recommended this site I am looking for some advice of things I can do to either prep for an investment into real estate and or do right now.

It is not cash flow positive at this time due to high interest rates and property taxes.

Instead it looks like a sales pitch that is targeted to unsophisticated investors who are new to the space.If that's actually the situation here than these deals generally have multiple things I can't stomach and is an immediate red flag for me.2) AAA Storage growth: At one point I was interested in this sponsor because of the claimed full real estate cycle track record with little to no money lost.

I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.

That’s $30k in taxes. 

LLC without S-Corp status will not give you any more tax advantages.

Regulation will say you have to be registered and pay hotel occupancy taxes, but your unit may not qualify for registration. 

Hate to hear the guy claimed to be a Marine, whether it’s true or not, I have come to realization no matter the person you have to trust your gut about a person and this article only secures those feelings.

Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.