If one is a high W2 earner, real estate is not the place.

From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need tooI'm Canadian so it a T4 up here and yes I'm I high earner who can handle vacancies if need be. 

Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

Retirement Account Contributions: Given my W-2 income and rental income, what are the best retirement accounts to contribute to for tax efficiency?

A HYSA pays 4.5-5%(before rates went down) pre-tax, 3% net tax if you're a high earner. 

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

I’m new to BP and looking forward to connecting and contributing to the conversation.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

Currently, I'm trying to find a tax strategist that will help me learn how to manage tax situations.Looking forward to learning and contributing as I can. 

In my opinion it would be cleaner to split partnership based on monetary contribution and then remunerate each active party for their work if the active work is more on one partner than the other.