Deductions like mortgage interest, property taxes, insurance, repairs, and depreciation will help offset taxable rental income.This post does not create a CPA-Client relationship.

Consider structuring your investment through an LLC for liability protection and tax flexibility.This post does not create a CPA-Client relationship.

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

I'm an investor and CPA in the Chicago area. 

@Carlos Rodriguez we've got Canadian clients from Toronto and Vancouver.Have tax attorney, CPA, etc. to assist also:)DM us if interested in chatting...

Consult a CPA or advisor experienced in self-directed accounts to ensure compliance and maximize benefits.This post does not create a CPA-Client relationship.

I don't have personal experience with it, but when the app was first developed, I contacted the developer and put the app through a fairly robust test usage to see if it's something I would want to recommend to my clients (I'm a CPA).I think the app is great for its intended purpose and I do recommend it to my clients now (and have for about 18 months now). 

Quote from @Matthew Ligotti: I'm using Avail.co for leases + rent collection but the accounting features really lack and my CPA is asking for more specifics on everything.

Zoho Books, I am not using this as my partner uses it integrates nicely with CRM for book keeping and I could provide access to our CPA for Taxes. 

Prioritize quality locations.Keep healthy amount of reserves per property, hire a PM, and hire a tax friendly CPA(not planning just prep).