https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

It’s a nice place and I hope to rent it out weekly from time to time to help cover the mortgage ($1,850/mo w/ taxes, etc.)I just found out from a personal conversation with the owner that a Lake House down the road will be going for sale and I was given the option to buy it off market.

Drawing money from an LLC for personal use can be done as an owner’s draw (for LLCs taxed as partnerships or sole proprietorships) or as a salary/distribution (for LLCs taxed as S Corps).

It’s a higher barrier of entry investment with much higher returns (and tax incentives).  

@Scott McGadden ... https://www.kiplinger.com/taxes/what-the-texas-property-tax-...

@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.

No transfer tax should be involved (see Garn/StGermain) as opposed to an LLC transfer. 

For income, STR saves taxes and gives you the cash flow you’re looking for.

Can I move from DST to DST w/o paying taxes?