My wife bought a condo for 178K with a conventional mortgage (10% down, 4.25% APR) in 2019 before we were married.

Repeat every 6 months until you get married and your spouse says "no more!"

To qualify as a real estate professional, a taxpayer must meet both of the following criteria:Taxpayers perform more than 50% of services in real property trades or businesses in which they materially participate.

I will then share it with you for your reference.The purpose of this meeting is to have a productive discussion about how I can improve my company to benefit the BP community and the company's financial growth in a way that adds value to the stakeholders of BP.I am married to a corporate big law attorney and employ many others.

.)- We file our taxes as joint / married- Her tax deduction benefits from qualifying as a real estate professional from the STR can offset my W2 income. - She can use REPSTRACKER for thisI then of course have a plethora of other questions in terms of book keeping (tracking all purchases etc...) but I will save those for another time unless someone has the best offline resources I can start to learn from? 

If you are doing just buy & hold of rent ready properties without doing any value-add (rehabs), then consider the old adage that you "marry the property but date the rate" meaning you can refinance.

You can defer tax payments to a later date.You may be able to convert the investment property into your primary residence to reduce your taxable net income.

Hi, We have a nice property that we rented to a married couple. 

When a building is sold, the taxpayer or the seller must recapture depreciation previously taken on tangible personal property.  

My W-2 for 2024 is over $250K which is the reason why i want to use REPS and MAterial Participation in 2024 by doing a cost seg  to offset W-2. 2- In 2024, two things happened: I married my wife who is a realtor and I also sold 3 of the rental properties which created a capital gain of $220K (one rental was a loss).