We learned a lot from this project.Looking back, if I knew then what I know now, I would have handled it differently.

Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?

Currently I am working in partnership on a luxury Air Bnb property in the Philippines to familiarize myself in short-term rentals.I live in Cerritos, CA and am looking to invest into a multi-family home to house-hack in Orange County, CA to get started.I will need a residential agent and possibly a contractor.I look forward to learning and hopefully working with you all!

Adding the ex to the title could trigger gift tax implications, so keeping it simple is best.

The only taxes I remit directly now are the tiny town tax they implemented of 1%.I just take my net income spreadsheet and calculate the 1% and give them a check.

I just want to be involved and learn more so I could achieve more eventually.

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

Taxes and requirements should be much lower for a LTR

Whether you need a CPA with just three rentals depends on the complexity of your situation and your comfort level with DIY tax prep.If things are pretty straightforward, you might be fine with tax software for now.

I’m always open to learning and figuring out the best path forward.Thanks again for sharing your insights, I really appreciate it!