How is it for preparing taxes? 

Property Taxes Will Likely Increase After Purchase•If the current owner has a homestead exemption, their tax valuation is capped.

you'll probably still need something long term like software as others have suggested but this was a thought i had... you could see the actual profit or loss from a tax perspective for each property.

You mentioned W-2 income as part of a way to save on taxes. 

To avoid Prohibited Transactions, SDIRA investments really need to be passive.Oh, I'll also mention that SDIRAs are subject to UBIT tax.  

Unless the borrower is self employed and takes a lot of expenses to show lower income on their returns then it usually makes sense to pay a couple thousand a year in higher interest (you can pay like 4,000 a year in additional interest for DSCR if you are saving 30+k on your tax bill kind of math lol)

for me it was income potential of earning commissions instead of salary.so at 18 I got my RE license.. and while it was a bit of a chore getting going as it is for most agents..

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

She's been on the Tax Panel at BPCon with me for the past few years.

I agree with finding quality comparable properties and basing your income off these.If there aren't any, why is that?