It's people like you who cause folks who would actually benefit from an ESA to be painted with the same broad scammer brush. 

From that point, assuming another $500/mo, you'd then have 36k in 1.5 years, and so on.Also, real estate allows for much better tax benefits, debt retirement, and appreciation opportunities (as well as increasing rent over the years).Well what'dya know.

There's plenty of internal disagreements in each party, and taxes happen to be one of the areas of frequent clashes between legislators from the same party.Why can't everyone in Congress just agree on more tax benefits?

@Michael Doherty and @Mike Auerbach and @Ellen Steele Don't forget the additional tax benefits available with cost segregation on the new basis as well as 179D.

You’re already getting the tax benefit, so I wouldn’t feel the need to roll the gains into more real estate.

The benefit here is that I cannot get behind on taxes and if I fall on hard times and my buildings are empty, my rent payment is based on my income, so I guess that is attractive.

But I also love the idea of investing in real-estate and utilizing its tax benefits I have read around 10 ish books or so and the one I am reading right now recommended this site I am looking for some advice of things I can do to either prep for an investment into real estate and or do right now.

Always talk to your CPA to see if you qualify.That said, the benefits are definitely worth it if you do.

It will familiarize you with the basic terminology and benefits.

However, over time, if a renter is covering a majority of your cost of ownership and even allowing you to get the added benefit of putting money away into a rainy day fund, you are winning the real estate game.