Are there some other ways I can offset the rental income so we do not have a big tax bill from the gains?

It’s a great way to lower your living expenses while gaining experience as a landlord.

Then you get to pay capital gains as well.

If done right most of these gains are tax-free- $40K in equity capture (profit) with $20K out of pocket and 13% cash on cash thereafter (300%+ returns)- $24K of equity capture with $32K out of pocket and 36% cash on cash returns thereafter (75%+ returns)- $41K of equity capture with $27K out of pocket and 12% cash on cash returns thereafter (150%+ returns)None of the above numbers include loan pay-down or appreciation. 

From a tax perspective if i am a passive investor how do i stand to gain from deprciation?

No capital gains in Belize.  

As I've learned from my experience, it's essential to consider this timeframe when planning and executing syndication deals.By carefully analyzing the real estate cycle and market trends, we can strategically time our investments for maximum gains.

I gained an interest in Real Estate while looking for a contractor that also worked with an investor that has rent to own home we worked for.

We do not factor in capital gains tax in our final net profit projection Hope that helps!  

ESPECIALLY if you’ve lived in any of them 2 of the last 5 years and can take the tax free gain.