Like Living Trusts, Insurance Trusts, Charitable Remainder Trusts, Family Limited Partnerships, et al.A side note: Sub2 has been abused where REIs have purposely NOT PAID (i.e. chosen not to pay) PITI payments to lenders-insurance-county tax and collected rent.

Do you want a charitable contribution to be made to someone?

If you finance your properties, the banks aren't going to be very charitable with you.

It's great to be charitable, but think of all the good you could do for people who really deserve it if you weren't swindled out of money all the time.  

I.e. no vacations, cars, or charitable donations.First thing: 6-month emergency fund invested in a low-yield fund comprised of mostly bonds.

-Find some charitable endeavor to pursue.  

All itemized deductions except mortgage interest and charitable contributions will be eliminated. 

The truth is that the most wealthy people in the world provide the majority of charitable giving.

There are some more sophisticated charitable giving strategies they could also use.

Make sure you make charitable donations.