Hey Gavin, You don’t need to complete the separation by January 1st, 2025, to eventually write off the rental portion of your closing costs and other expenses, but you can only start deducting them once the rental portion of the property is officially "in service," meaning ready for tenants and actively marketed.

Eventually, my plan is to put the property in its own LLC.

The Vanderbilts who were as wealthy as the Rockefellers at the time did not use this strategy and eventually their net worth evaporated due to many things.Unless you have a license to sell life insurance and know how to structure the policy for the client's goals, you shouldn't be knocking products that can and do benefit MANY people -  especially those who have maxed out other tax deferred accounts.By the way fees are paid over the life of the policy, not all up front.

If they have a property which has zero demand they will simply fail to benefit from it and eventually be forced out of business (unless they have endless time to keep doing what doesn't earn them a penny).

Hi all,I’m a New York City resident and am looking to research and eventually invest in an out of state market.

My plan was to buy this and live in it for a bit, but then eventually rented out as my first investment property. 

Have been reading up on this a bit and it seems if I get it into a roth ira it can be used for downpayment funds eventually with lower taxes removed?

Wis Dells is a prime location for STRs to be eventually banned or very highly regulated given the large resorts with deep pockets and a lot of influence. 

I've scaled up from there - eventually converting my furnished business from STRs to MTRs and converting most of my units from long-term tenants to MTRs.       

Not only did it cut his living expenses drastically (and the triplex appreciated $843K over those 10 years, not bad on a $20,000 down payment even though that was a fair amount of money back then), but one of his tenants eventually became a business partner on his next investment.