Days wind down and now they have a (knee jerk) reaction and buy something non-optimal for a property just to avoid tax penalties.Had they been realistic starting out they would have had time to locate quality properties to buy instead of looking for a Unicorn.

Is it a tax write off?

I also am sure to collect W9's from my contractors to make sure they don't try to not pay taxes on the money I paid them to get over on me that way.

For savvy investors, the key to keeping more of your hard-earned returns lies in strategic planning and leveraging the right tools to minimize tax liability.Whether you're looking to reinvest in another property, take advantage of depreciation, or explore unique tax-deferral opportunities, there are powerful strategies available to help you reduce your tax burden and maximize your financial outcomes.

And easy to add up the expenses for each property every year when I do my taxes on turbo tax.

#s: value: $440k each, total debt: $310k each (incl. arrears), prop taxes/mo: $500, insurance/mo: $25, common charges/mo: $380, rents/mo: $2700 & $2250Pls feel free w/ any solutions / input / ideas.TxDave

The taxes are killer though, you're going to lose probably like 30% of your paycheck.

Then I have to file a tax return for my LLCs.

You make all of the BAH payments back tax free for you.2.  

One other thing to keep in mind and consider is taxes.