@Isadore Nelson why aren't you using the BiggerPocket Calculators?

Of course, we're RE Investors and we take risks sometimes, but let these risks be calculated risks.

This significantly accelerates the depreciation schedule leading to larger deductions in the beginning years of the assets, reducing your taxable income and increasing your cash flow.

you get mortgage paydown every month; you might be able to reduce your taxable income from your W2 with passive losses (consult your CPA); hopefully you get appreciation; maybe you get a little cash flow; etc. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

Please make sure you are educating yourself (let me know if you need a list of books) and does not miss-calculate the expenses. 

I'm not very familiar with the BP calculator but I would certainly encourage everyone to get prequalified. 

I recently joined the community and I'm evaluating a property with the rental calculator tool.

I make money in different ways and my personal taxable income was about $150k in 2022 ($30k of that was W-2) and 290k in 2023 (150k of that was W2s).

In my state, owning an LLC is quite expensive (800/year), so the risk/reward calculation is a little more skewed, but still generally makes sense for larger MFR deals.The debate really heats up if you're talking about residential class (1-4 units) as there are material advantages to owning under your personal name.