Real estate investing has many layers, from financing and rehabbing to tenant management and taxes.

There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

Start with an STR-experienced CPA who can assess your tax situation and recommend a firm if needed.

., 900 SQ FT is TINY, I live 10 min from there and will not touch it .36k gross so about 20k net, ( MAX ) all in 375k, TERRIBLE deal 4% net , again terrible   Actually, the net will be less, Insurance will be about 10k, On top of the 6kish in taxes, and other items. 

Quote from @King-yi Chan: Quote from @Kevin Hoover: They bought on a really small cap rate, then taxes and interest went up.

Hey guys, I bought a house in South Carolina this year and I was told the value of the house is being re-assessed this year for property taxes.

@Shaun Hunt Starting a property management company to manage your own properties could offer some tax advantages, but there are important factors to consider.

You can't buy rental properties in an LLC unless the LLC has two years of tax returns to show and you can't transfer from personal to an LLC on a residential or the loan could be called.

I heard about setting up a LLC out of a state that has lower taxes than using your home state which may potentially has higher taxes.

There is a unique tax deduction in the US called a “conservation easement.”It was designed by the IRS to encourage real estate owners to make pristine land, that could be enjoyed by the public, a conservation ground, and thus un-developable.In return, the landowner could treat the act of granting a “conservation easement” as tax-deductible.