Consulting with a financial advisor or tax professional can help navigate these complexities.It might be worth considering how real estate investments could align with your retirement goals, especially in thriving markets like Phoenix or Austin.Just my two cents based on experiences with clients like Jim.

You would need to consult with a lawyer to set the trust up and ensure the best protection for your situation, and then relay that information to your tax professional. 

I would work with your real estate tax professional on that piece.More than likely looking at capitalizing that 11k and depreciating it, unfortunately. 

If you have a lot of young professionals, the 12 unit might be the way to go.

agreed it does not matter for the fully engaged RE professional income varies from year to year.. this is why we hire CPA. it is what it is.. now we can take steps through the year.. like buying things that we can get accelerated depreciation on etc etc..

And, while I have had 1 travel nurse so far, my 4 other renters have all been business professionals. 2 from outside the country, 2 from other states.

Properly and professionally managed property in Texas has meters for every unit.Again, I'll point out meters are well under $100 each.

A couple replies: The property would be managed by a local professional property manager who is paid out of quarterly maintenance fees charged to the owners.

Readers should seek professional advice.

Once you have your shortlist, I recommend hiring a professional title company to handle the detailed due diligence.What’s in the Guide?