Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they 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 the best ways to end up with a much larger net worth at the end of your career.

I can't speak for California, but I am aware of federal laws.Due to its cost, this would NOT be considered a reasonable accommodation. 

Purchase price: $1,250,000 Cash invested: $62,500 I recently closed on this 4 unit property in Federal Hill Providence, RI.

SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.

It just seems like there will be many that fail to file their report and I just can't see the government really going after tiny businesses for so much money for something that is so easy to forget to do.

I would be careful of the folks on here that strictly invest in section 8 as there are a lot of pitfalls when working with government entities and low income tenants.

When someone pays me for an LLC, they are mainly paying for creating the operating agreement that governs the operations of the LLC.

As long as you stay under four units, you're not governed by the Fair Housing Act, which has some accessibility requirements.

Some tenants are struggling to catch up on rent, which has been exacerbated by the expiration of federal eviction moratoriums and local rental assistance programs.

Your first priority should  be compliance with federal and state lending regulations.