Any recommendations on the most efficient way to track your time when classified as a real estate professional?

Property Tax Savings: Tribal land held in trust is generally exempt from state property taxes, especially if the land remains tribally owned or leased under long-term agreements.2.

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

This isn’t/wasn’t a loophole - just tax policy. 

Adding the ex to the title could trigger gift tax implications, so keeping it simple is best.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.  

The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

It seems a stretch to pay for the Rig with Section 179.I would have development equipment onboard and dedicate a portion of the space to developmentI could put the companies logo on the side as advertisementGiven this, what tax strategies are actually practical?