As a side benefit I dated and eventually married my neighbor’s HS friend.

While some get into investment real estate for the tax benefits, I'd venture to say nobody gets into it for the tax compliance and bookkeeping work.

There are multiple benefits of using a POA to list the property rather than getting a purchase agreement e-signed with a "listing clause" in it.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

I'm so excited to hear the Maximizing Your Tax Benefits session!

From a tax perspective, keeping the properties separate may allow step-up in basis benefits for your spouse upon inheritance, reducing capital gains taxes.

Central Kentucky, in particular, has benefited from Lexington's growth, with many people commuting from outside the city for work.

Proper planning will protect both parties, maximize tax benefits, and make your venture a success.This post does not create a CPA-Client relationship.

What are the key benefits of investing as an LP compared to direct ownership?

The best benefit of syndications is the passive nature and the amount of information you can gather.