It's great that you're starting young and already taking steps by educating yourself and setting clear goals!

Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."

But if I’m going to be set up better in the long run if I enlist help, I want to do that.

Those rules are set by the state.

We're setting it up on Sch C and from what he told me, if I set it up on Sch C, I have to stick with Sch C and can't bounce back to E. 2022 shows a loss as that is the year it was setup.

If you want to make improvements on the replacement property you will need to either have the cash set aside to make the improvements, or after you complete your exchange immediately do a cash out refi one of the properties to access some cash. 

The mortgage from the cash out is the Lien and can be set up in an LLC or vested in your name.DSCR is great and offers 30 year fixed, 5/6 ARM even a 40 Year I/O Interest Only fixed for the first ten (10) years.Much better than having a smaller Heloc $20K+ which will have a higher rate and a shorter amortization.

How to set up video conference with grandparents in assisted living, and a host of other questions they might have. 

Also setting up a doctrine of ground rules as something to point to when there is disagreements.

.- Having a set % and applying that each year is lazy and will result in higher vacancies.