Currently, I find myself in the 37% tax bracket due to W2 income and I'm eager to explore avenues to shelter taxes through real estate investments.

I got my tax return, schedule E and my property due to depreciation, took a loss.

I again asked my tenant if they might have done this on accident before going to police and starting a fraud investigation and then they remembered now that they received a check that they thought was for a return of taxes they were waiting on. 

I have a partner and he is more so"in charge" in looking a properties and i am mainly focused on taxes, potentially starting and LLC etc.

It really depends on your situation and you probably have low or small transfer taxes not sure of your exact location.In PA just transfer taxes alone depending on your valuations may deter some owners. 

Obviously this is a great benefit, but I can't see any other benefit from a tax perspective.  

If a property owner is not paying HOA dues and fees, the property taxes are probably delinquent.

I assumed that we would end up basically owing nothing since depreciation, repairs and non-principle portion of our mortgage payment on the house greatly outstripped the amount paid toward principle.The tax preparer said we had to pay taxes on essentially the entire rental payment since our income was basically at 150k.

Hi,I have several children related tax question.

Norm,What you want to do is look online for your county tax assessor site.