Because I'm paying out of my checking accounts for property management, property tax, home insurance, repairs, etc.So why shouldn't it be the same for the tenant?

Plus, compared to other parts of Florida, the Panhandle is still relatively affordable, making it a great option for first-time investors or those looking to diversify their portfolio.Another huge perk is Florida’s no state income tax and landlord-friendly laws, which make it easier to manage and profit from rental properties.

That would be around $90,000 sitting in a savings account!

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.

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

I can "cash flow" more from my stocks/index funds and high yield savings account with far less stress. 

At our firm (tax advisory) we are offering a service to help clients with this and we expect many tax/cpa/law firms will as well. 

Account Closed Thought of interning at a title company or attorney's office who ever handles it in your area? 

You'll be able to defer a bunch of tax with this purchase. 

So I do not have a tax filing with the rental income on it yet.