They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

It's the smart way to fun a business. 

But 2025 offers other opportunities that did not exist 10 or even 5 years ago - think AI and online businesses.

Raising Capital – Acquiring Assets – Executing EffectivelyWhat I like about raising capital is you have to know about all aspects of the business.

No recourse to my credit or business credit since I'm not listed on the original mortgage.  

Everyone is trying to maximize earnings in this business. 

The policy was $2200/year ($1.1M Bldg coverage and $1M Business liability coverage in this apartment LLC) and I haven't had a single claim in my past 5 year history.

@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

My business partner has two STRs adjacent to ours that has several 1-bed units that rent very well during the week. 

Quote from @Palak Patel: Hi everyone,I am new to the rental business and just purchased my first rental property.