However, there are still plenty of tax benefits when it comes the income you generate from your multi-family property that you can deduct from. 

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.

Relative AffordabilityDespite recent price increases, Buffalo’s housing market remains more affordable compared to many other U.S. metros.

Newton's law of tax: What goes down must come up.Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?

Yes, you can deduct related expenses including gas, loan interest, insurance, etc. using the actual vehicle expenses method to deduct auto expenses for your rental or other businesses. 

The IRS views this as a related-party transaction, and deductions like rent paid to yourself wouldn’t qualify.

We use DealCheck to underwrite deals and QuickBooks Online for everything related to accounting and budgeting.

PenFed no longer does HELOC or related products for NOO LLC properties. 

Keep in mind that strict rules apply, such as avoiding self-dealing, prohibited transactions, and personally benefiting from the property.If you’re not looking to involve your IRA directly in the property purchase, you could explore other creative financing strategies outside of your retirement account.

Either way, with rent and price appreciation, tax benefits, holding long term is a net worth exploder.