My partner and I are new investors in Ventura County.

But that also includes Multiple bank accounts, ( main operating accounts, and Security deposit accounts), and also Credit card processing, 24 Hr Cash payments with 7-11 and Ace Cash advance.  

Personally my realtor has been my ace in the hole.

I may actually use a combination: pay of some homes with some of the cash flow while I continue to leverage others.I think that strategy would be ace!  

For instance, 24 Hour cash payments ( paying rent at 7-11 or Ace Cash express), there is no extra cost for me for this services.  

Hey guys, haven't been on this forum in a while, from ventura county in southern california and I'm on my 4th property but everything is getting super expensive out here.

I do know that if you're not a RE professional and even if you're actively managing your real estate assets you will not be able to write off any of your passive losses from your rental real estate when you're over 150k AGI (you mentioned you were 190k AGI - prior to itemized deductions and exemptions).Also the other thing is that when accountants go to create your depreciation schedule they dont take the 1.75M and divided it over 27.5 years.They typically (other wise proven via engineering study or cost seg report) use the LA/ventura county tax assessors value for land and improvement(building) and they take that percentage on the assessors website and apply it to your 1.75M sales or acquisition price to determine your depreciable basis.So for example, if the improvement was 80% of 1.75M then you have a depreciable basis of $ 1,400,000 / 27.5 years = $ 50,909.10 annual write off.Back to the above REpro, if you're not a REpro, you wouldnt be able to write off anything against your active/earned income and you feel the full brunt of the tax man unfortunately.

@Michael Ventura

Jeff Donaldson @ Ace Preferred Inspections has an outstanding team and does a great job.  

That can be your ace-in-the-hole if you need to evict in the future.