Unlike holding real estate, where you can take advantage of depreciation to lower your taxable income, fix and flips don't offer those same tax perks.

And not even a capital gains cut, a full regular income federal and state income tax cut.)Good luck.

Now client will owe $10,200 on their federal taxes and $7,905 on the CA state income taxes for a total of $18,105. 

@John Larson I wonder if it is worth calling the state or federal Securities and Exchange commissions. 

Real estate has unique tax benefits, such as depreciation and 1031 exchanges, which can help lower taxable income.

Who knows where these REIT's/Sponsors will be several decades from now, or if they will even keep these specific REIT funds open for that long, forcing us into a taxable event. 

Councilman Eric Arias highlighted the substantial state and federal grants to improve infrastructure.However, residents voiced concerns about persistent problems such as a nearby wastewater plant's odor, inadequate lighting, and speeding trucks.

The taxable income from the LLC passes through to your personal tax return via a IRS Schedule K-1 and you include the income / loss on your personal return. 

@Shivam Patel, Contributions into and distributions from an LLC are not normally taxable events. 

You can count up to 75% of the rental income from each unit BUT you have to pass the FHA self sufficiency test.The FHA (Federal Housing Administration) Self-Sufficiency Test is a guideline used for evaluating the eligibility of borrowers looking to purchase multi-unit properties (specifically, 3- or 4-unit properties) with an FHA loan.