Additionally, there is specialized equipment including diagnostic machines and hydraulic lifts.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Or, is REPS really a “free lunch” for those who qualify - they can claim an active loss reducing ordinary income today, AND get to claim passive and capital gains in the future on the appreciation?

This is NOT passive, it requires you to create systems and deal with all the complexities that a business entails.Reasons to manage your own properties: 1.You are an effective manager and for the most part enjoy people. 2.You want to reduce vacancy and expenses (after the property has been repaired my vacancy rate is below 2%).3.You want to start your own business and instill a certain “culture” at your properties.

Consider house hacking and short-term rentals for reduced living expenses.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.

Tax Write-Offs: By reclassifying these components, you can take larger depreciation deductions upfront, reducing your taxable income and lowering your tax bill in the early years.3.

If you are doing the work and labor it reduces some of the risk but to me we won’t let at that high a ltv

If your goal is personal-use real estate, cashing out the 403(b) is an option, but it will incur income tax and a 10% penalty, significantly reducing your available funds.

So, YMMV if you are renting for under $1000/mo, where you'll find the bulk of Indy Section 8 tenants.   

Property managers ensure compliance with local, state, and federal regulations, reducing the risk of legal disputes and penalties.7.