It's a thought-provoking book that challenges traditional perspectives on wealth accumulation.

My primary intention is to slowly accumulate rental properties to supplement my income and maybe, some day, be able to retire early.

However, prepaid rent expense, interest and insurance are deducted only for the tax year they pertain to.DepreciationDepreciable basis of a property is undepreciated basis minus land value:Purchase price + major remodeling + improvements – land value – accumulated depreciation = Current basisFor this paper we will assume all properties placed in service before 1987 are fully depreciated.

However, prepaid rent expense, interest and insurance are deducted only for the tax year they pertain to.DepreciationDepreciable basis of a property is undepreciated basis minus land value:Purchase price + major remodeling + improvements – land value – accumulated depreciation = Current basisFor this paper we will assume all properties placed in service before 1987 are fully depreciated.

Looking to accumulate 20-30 properties over the next 8-10 years.

I will note that each HML I have used (only 2) require you to keep your interest payments current during the project, so there won't be much accumulated interest at payoff.A couple items that might be missed: - most conventional lenders (your refi) will require 6-12 months seasoning on the property before lending on new value. 

Sale of a passive investment, results in passive gain.The 1231 gain should be passive which would offset against the passive losses that you accumulated.

I'd like to start accumulating properties in my area (by owner occupying, then moving out a year later), but only if it makes sense financially.Basically, I want to know if:1) Is it sound strategy to ignore the 1% rule in areas with high appreciation, and2) Is it alright to ignore the 1% rule for fourplexes?

Lose out on leverage.Are there any cases where people just accumulate property over 15-20 years in a C Corp?

With no risk/ work investment at 5% or more, do we risk the equity we've accumulated and add another tenant to deal with or just take the cash and wait for a downturn to buy another property down the road?