Many of them believed that that taxing land and housing, rather than income is the key to a fairer economy.Henry George, one of the most famous tax theorists in history, argued that land-value levies should replace all other taxation, leaving labor and capital to flourish freely, and thus ending unemployment, poverty, inflation and inequality.

You can finance up to 10 purchases with a good bank or portfolio lender who understands investment property and landlord issues.Since you've had your properties for over two years you'll get credit for all the rents you claim on your taxes and get back many of your deductions on the expenses of the properties as well.

Your commission and 2106 will be averaged over 2 years (unless it's declining) and the 2106 expenses will be deducted from your income. 

If you have a legitimate claim that will hurt your pocket book, put it in, just know there are some considerations such as deductibles and depreciation.  

You'll likely need two (or more) classes of membership interests, and possibly more depending on how each element of the interest is being divided (voting rights, equity split, tax deductions, long vs. short term capital gains, etc).  

My wife (IT architect) & I (Mgmt Consultant) work full time (& intend to continue to do so) and have decent savings/emergency funds and think RE would be the best to park long term savings bcoz 1) Generate additional income in long run 2)take advantage of tax deductions (depreciation etc..) 3) Long term financial security.I am looking for a Realtor who specializes in REI properties. 

Generally if you can keep your personal use to under 14 days per year, then you can deduct many rental expenses, including mortgage interest, insurance, property management, taxes, utilities & depreciation.  

The 2015 depreciation recapture is a wash, since you would deduct the depreciation from rental income.Even if you go FSBO, you probably will have to pay a buyers agent or at the very least provide some closing assistance - so you could be looking at an even smaller number for your final capital gains.Also a 1031 will limit your flexibility in acquiring your next property.

Taxes and insurance on a primary home are not a business expense nor are they deductible except as to taxes paid on a personal return.

So instead of bleeding out savings accounts floating the mortgage we thought about the idea of a LOC since the interest is tax deductible anyway.