Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

I’ve personally received a plethora of value from the BP podcasts as well as the connections I’ve made through BP.

I had hoped to set this up with PNC since I bank with them but an in-person visit to the branch is required for set up and this is not possible since I now live in Washington state.

The person I would seek advice from is a CPA about this. 

Can you send me a link and/explain from either personal experience or an example of when you seen that happen.  

@Enrique Toledo  If the seller is firm at 10% down, you can always get a personal loan for that 10%. 

This is probably a place where you go to one of the personal loan sites to borrow money or maybe a credit union. 

The primary residence exclusion is $250k per person on title.

Well if you go together it could split it and get basically nothing - spend $2-3k file a lawsuit and get a judgment you are first in line… Also in many instances you can slap that judgment on his personal residence as well and foreclose on that.

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.