I think it's pretty clear it disincentivizes new construction or encourages landlords to find ways around it.However, I do believe we could do better in areas for encouraging new construction with zoning reform and other tax incentives.

I would really encourage you to talk to your CPA to ensure you meet material participation tests and are adequately documented.

Two things I would encourage you to ask yourself & ponder (essentially count the cost): 1.

I'd encourage using it to fund a fix and flip or BRRRR.

I'd encourage you to find a local real estate agent that can help you navigate this and make sure you're not missing anything.

I’d encourage you to go to the local events like @Jonathan Klemm mentioned. 

They encourage networking, discuss market trends, and discuss development strategies, aiming to support growth in the industry.Good Luck!

Here's an interactive version of the map, where you can zoom in and see more information such as population and population per acre: https://www.datawrapper.de/_/jDwi4/It tracks the change in population density (population/acre) for each neighborhood (census tract) in the Phoenix MSA from 2010-2020.

I actually believe the complete opposite because of several different life experiences.I just encourage EVERYONE to do their own research and think long and hard about every aspect of carrying or not.

If you’re close to $150,000 in AGI, a few ways you can bring that down AGI is by maxing out a 401k traditional ($23k for 2024 tax year), maxing out your HSA ($4,150 for 2024 tax year), and if you have any capital losses from stocks (up to $3k per year), I would encourage you to have great bookkeeping to ensure you’re capturing all of your deductions appropriately on your rental property.