The promise of accelerated depreciation and immediate tax savings is attractive.

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The sum total of taxes of each of the 4 units will usually be higher than if it were apartments.

Best to check with a tax pro to ensure compliance!

How do you pay for the tax and insurance?

Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.

I've done it at times, sometimes 6 figures, but always do it so that there's no tax burden on my recipient.

.- 1031 exchange opportunity: I could potentially do a 1031 exchange to acquire a duplex or triplex, deferring taxes.- Access to funds: I could consider a cash-out refinance or a HELOC to access funds for additional investments.- which property would you recommended me to keep? 

Taking a break from working on our 2024 bookkeeping and taxes.