Can someone link a previous post or summarize the tax benefits please?

HI @Riley Ricobene I would like to summarize my experience taking the required courses while pursuing me RE License (in California)I took one summer course at a Community College in California (Principles of Real Estate), which was a great experience.

Now I have a simple word file summarizing every step I'm taking. 

I can read the document but cannot summarize it to how much money is owned on the house.

@Toni Conway You should have one tab that records all the transactions and another tab that summarizes the first tab. 

It's hard to really summarize all the ins and outs of capital stack, but it essentially refers to the different types of debt and equity you have available to you. 

We target a tenant pool that remains employed in good times and bad.I think the fear is summarized on the chart below.As always, the disadvantage of real estate is the lack of liquidity.

To summarize, sounds like the most important first steps are identifying a goal, establishing a target market (one that I know well or finding an agent to fill that knowledge gap), and sticking to Bigger Pockets for (free) education! 

Follow up your correspondence with email, summarize the conversation so it can be documented.Based on my experience, fathers who allow their adult children to live in their second homes typically pick up the financial slack when needed.

So if I’m going to summarize to make sure I’ve got the scenario correct:You can potentially buy where you currently live and with the rental income from the studio, pay the exact same amount you’re paying right now except you’ll gain the appreciation, debt pay down from the tenant, and the tax benefits?