For example we pay our own income taxes, broker splits and all of our other expenses directly out of what we make including required E&O insurance, MLS dues, licensing fees, Board of Realtor dues, continuing education costs, marketing, advertising, office fees/rent, transaction coordinator/ assistant fees, health insurance, car insurance and maintenance, gas, tires, software, retirement fund, etc.We are not W2 employees with payroll taxes already taken out of our paychecks, company-paid health insurance and matching retirement account plus a guarantee of at least 40 hours paid work per week, sick pay, paid vacation… none of that.So if you’re thinking you’ll be able to pay an hourly wage typical of a W2 hourly employee like $50-85/hr… that’s definitely not going to work.

You can use it as a downpayment on a property over $450k and use leverage tax free.

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

What are the tax ramifications of a sale, if any?

Someone can be a brilliant tax person but horrible to work with, and also vice versa. 

Switzerland does impose some restrictions on foreign and non-residents buying property but you can still buy and several members of my family actually own property there.

Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation.

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).

I had to redo everything they did on my taxes.