They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

I was considering having a lawyer draw up a baseline loan doc and make tweaks to it on a per loan basis.

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

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

If you haven't yet found a CPA or tax professional to help you save on your tax bill each year, would you want BP to help recommend a tax professional for you? 

The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.

Taxes and requirements should be much lower for a LTR

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

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

Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.