Quote from @Carrie Matuga: @Joseph Fenner I love your goal and how high you've set the bar.

- Who carries the personal guarantee on the debt?

I also carry $1M of insurance to protect in these instances as well. 

But Gino can you pay your credit cards every month or do you have to carry a balance ?

In one of my projects, the landowner agreed to carry back a note, which freed up some capital for construction costs.

Depreciation helps reduce the taxable rental profit, potentially bringing it to zero or even creating a loss, which can carry forward to offset future rental income or other capital gains.For high wage earners, other tax strategies could include leveraging cost segregation studies to accelerate depreciation on rental properties through bonus depreciation, taking advantage of tax-deferred exchanges (like a 1031 exchange), or maximizing deductions related to property expenses (mortgage interest, property taxes, insurance, repairs, etc.).

If equity, do you structure with a pref and carry, or straight split?  

I do my best to honor both, and God has blessed me more than I deserve; including having a portfolio of rental properties, which is a story in itself that came about because someone offered me a house on an owner-carry contract because he knew I could never afford to buy my own while living overseas.  

Such properties tend to carry less risk and can help facilitate scaling up for future investments.

Structure as a commercial lease, 5+ years, annual rent escalations, requirement to carry liability insurance (name you as additional insured), etc.