To go a bit further into what Dmitriy mentioned, since your IRA earns the income the tax treatment is specific to your IRA.

The two-family property now has better curb appeal and the rental units are much more desirable, which has helped me increase my rental income.

I started investing a little over a year ago and have earned almost $160k gross so far with 3 Padsplits.Next year if I do nothing, the 3 current properties should earn about $200k gross. 

By easing into real estate with a well-thought-out plan and measurable goals, you can demonstrate the feasibility of your vision and work toward earning his support for future investments.This post does not create a CPA-Client relationship.

Hi David, you need a discounted propety, have you tried hyper focusing on off-market properties in your desired area.  

We plan to spend the next 6-12 months continuing to earn and save, as well as nail down a final market we want to househack in.

Most everyone mentioned the weather and appreciation due to the weather making it so desirable to live there. 

if you buy a random property in a neighborhood you've never been to and turn it over to people you don't know you'll just lose money.not trying to be negative, trying to protect you and your hard earned cash.

Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation.

You know this and the reason I am saying that I am considering in getting a real state license is the connections, the access to listing off market and possibility of earning commission that I can use to increase my portfolio.I think that being an investor agent will help me build a reputation and that can be good or bad.