We are largely looking to gain some tax advantages through investment properties to help offset the W-2 income.

Would anyone want to split a RHAWA rental housing washington of WA forms or recommend where i can get forms for washington state?  i only have a small place so it quite an expense.  im looking for application screenin...

You'll also pay income taxes along the way on the operation of the property.

Better yet, I’m getting $3,000 monthly double net, so about $30k annual net income, about 50% annual ROI.  

. +30% vacancy for 24 months, caused by two evictions, one unit on market for 7 months, and the two new properties taking 1 year in renovations instead of 4 month estimate (~$30k of lost income above assumption of 10%)2. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

Can I use this negative cash flow as property losses every year to reduce my taxable income, or not since I make over $150,000?

I wrote a letter to the tenants with the account and phone number to the warranty company telling them to contact those companies for any heating or AC issues.  

Seeing it's how it's California, I would not do the deal unless you factor in 12 to 18 months of no income, and see if you can withstand that picture.

Hey Account Closed!

This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income.