I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Not only did I save over $500/month on my monthly payments, but the reappraisal came in over $140k above my purchase price, which was a huge confidence booster.Fall: Challenges and Big ProjectsFall brought some of the toughest challenges of the year.

If I may, let me offer some tactical advice and then some unsolicited general advice.Tactical advice: marketing to traveling oil industry workers probably isn't radically different than what you have been doing to get your rooms filled with students.

As I develop trust and confidence in them, I invest more, and I've come to have a significant portion of my net worth invested with some operators. 

You have a natural advantage with other baseball players and providing them leases that fit their needs.Knowing a couple of others who have played minor league ball, your real estate strategy is going to be tricky because you will be very busy with baseball and it's travel. 

A 1031 exchange the depreciation schedule travels,.8) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

If this is your first venture, your presence at the property will be very important, there is a learning curve, factor in your travel time and other commitments.

While $85K is no small number I am confident that we will be able to pay it back before the end of next year and still accomplish our goal of purchasing a minimum of one property a year.   

I have been travelling.

We don’t do overseas rental units but recently have traveled in those countries and my brother bought in Italy and my son is based in Sicily.