The size of your tax return, whether it’s 250 pages or more, doesn’t inherently increase your chances of an audit.

You may have some one offs if there are backdue water/sewer charges or back due real estate taxes as well.

Or, even if it has appreciated more than the $500K tax free for a married couple. 

AI can be beneficial both for operations as well as your taxes.

@Raymond Keith WhittingtonStart real estate investing by educating yourself, setting clear goals, building a network, understanding your budget, choosing a strategy, analyzing potential deals, starting small, and learning about legal and tax planning.

.($1,000,000 - $25,000 = $975,000)As a seller you probably have a listing agent to pay too on top of your transfer taxes, closing costs, etc, so the net is less than that obviously, but we are just focusing on the buyer agent compensation piece of it right now for easy numbers!

I've done a lot of residential real estate deals including dozens of passive investments and have syndicated four apartment complexes.REITS - These are more akin to stocks than real estate investing and do not come with the tax benefits.  

To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

Nevada has some good advantages with no state income tax and low property taxes. 

Setting aside 25% of your net profit is a reasonable estimate for taxes, but the actual amount depends on your overall tax bracket.