Happy to connect and be here for any tax questions you may have.

We would only plan to manage our own properties.Would there be any tax advantages, or any other benefits, to starting our own property management company?

Also we could use a family member LLL for this but I am not sure how all the tax situation can get muddy…thanks 

We have about $200K equity in our home, both of us are independent contractors / business owners who write off a lot on our tax returns - so I’m not clear if we have to take what we can get or if these terms seem in the realm of normal.  

Cost to build: $280-$300K, 10 year tax abatement from city.  

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Is the Turbo Tax software a reliable option for doing taxes that include real estate investments, out of state, personal?

I’m thinking this could help us with tax deductions, especially if we operate at a loss.Does anyone have experience with a situation like this?

The Biden administration recently approved the "sale" ($100/acre so more of a give-away/transfer) of 20 acres of BLM land near Las Vegas to Clark County to be used for affordable housing, so we'll see how that goes I guess.

This is a great time though to discuss tax issues and possible changes coming with a new president.