I have a good amount in savings, and as a first-time homebuyer, I believe I can lock in a low interest rate.

For example, in some cases even when the home is livable a seller might turn off utilities on a vacant house to save money.

.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

The agency, of course, is trying to maximize its resources, so would love to have you charge less rent.If your focus was primarily on gaining excess rent, keep in mind that there is a reason many landlords will not take vouchers. 

I didn't have a good team in place, and I had to go save the investment every so often.

Ones of the biggest was that we had to completely replace all the old electric, luckily we were able to save in other areas of our budget to offset most of the costs but not all of them.

This approach saves you time and effort while keeping you in compliance.

Save for some unusual complications, you seemingly met all the conditions for your tax benefits.Now, to traps and gotchas.Trap 1.

Save them all..if you ever decide to do a campaign of your own, you will have good examples to choose from.

Since flips are typically treated as dealer properties, profits are taxed as ordinary income.Please make sure your entire structure is properly analyzed for you to save most amount of taxes.