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.

@Jamie Dupont From a tax perspective, you can deduct repair expenses related to the damages caused by the tenant as long as they’re for restoring the property (e.g., fixing holes, broken fixtures).

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Both are terrible choices NYC, super expensive and high taxes, and TERRIBLE landlord laws.

It includes energy efficient appliances as well as a gas fireplace in the living space.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.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

There are great tax write offs if that is what you need and most passives are getting about 8% cashflow in a well run syndication. 

Did you file your federal tax return but not the georgia tax return?

I actually don't know where to start to get an appraisal and I don't know if an appraisal would increase my property taxes.