I’m on my town planning board and we get all sorts of conceptual projects that never come to pass.

However, the credit is limited to the amount of U.S. tax owed on that same income, so it doesn’t always provide full relief.While short-term rental in a foreign country could be a great investment and cash flow strategy, investors need to be aware of the limitations when it comes to tax planning.

With rates where they are, I'd expect you don't plan to be in the mortgage for more than 3–5 years (maybe less) depending on where the bond market goes. 

Construction is almost always tricky to understand the costs upfront because of the unknowns, also really dialing in your renovation plan before purchasing makes things simpler and quicker.

As a contractor I had to work for money, be at the mercy of the customer, jobs and timelines never seemed to go as planned, only to pay tax on the money I worked for.

@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Vacancy & Risk Management✅ Plan for at least 1-2 months of vacancy per year to avoid financial strain.✅ Understand eviction costs and legal processes in case of tenant issues.5.

I currently have 25 units in the Lewiston area and plan to get many more. 

Meticulously updated by professional investors, it boasts an open floor plan leading to an enclosed bonus room with a full bar and chimney.

What action are you planning to take to get started?