Start analyzing deals regularly.

She will never be happy with the heat, she can barely afford the place, and she's regularly late with rent.

For example, when most of my development clients started building their portfolios, they picked up properties in areas where at least 1 of 3 things was almost always present: 1) They currently or have previously lived in the area, 2) they have family or friends that attend religious services in the area, or 3) they regularly visit family or friends that live in the area.

I have regular drip but am buying Ks so they have both options. 

The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.

Not only does this lower your taxable income, but it also allows you to support a cause you’re passionate about.

Plus you get interest income on top of your principal payments, too.Also allows you to spread the taxable gain out over time, which would help you keep taxable income low and potentially still contribute to Roth IRA in the year that you sell. 

Hi Katie, do the tax benefits apply to just Real Estate professionals or could it also apply to regular full-time W-2 employees?

You can have some student housing, regular long-term rentals, and even some STRs if you choose.

I use S&S regularly so I get the full 15% off the shipment so the price was $3.49 for me.$69.99 - Nellie's Laundry Soda - https://www.costco.com/nellies-laundry-soda-800-loads.produc...Ok, so you are asking "Mike, why would I buy my great grandma's laundry soda?!"