Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.

In neighborhood it is very important to present your self to the home owner next to you, this helps a lot to prevent misunderstandings. also this shows your professionalism.

Greetings BP community, I recently joined a national senior care living development team. I'm coming from smaller scale mixed use development and fundraising. I'm data driven and would love to immerse myself in IL, ...

I've made connections with some great local RE professionals.

Stay professional in all communication.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

These are professionals with additional training and a stricter code of ethics.

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.