Together with it, i have a mortgage free apartment that serves as financial security. 

I believe the code says "if a veteran holds legal title to a property secured by a VA loan but does not possess equitable title, this situation is considered 'not a disposition."

Not only were tax shelters stripped of their tax deferral capabilities, but they were stripped of it RETROACTIVE, allowing the IRS to recalculate tax shelter investors income going back 7 years.  

There will be no assessment for increase in taxes or insurance so remains at $1935.

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

I don't think it passed in either neighborhood, but lets you know where the sentiment is.There is no specific tax offset for new construction that I've ever heard of. 

Hey Cecil, if you have the capital to operate locally, and it fits your goals to do so, I highly recommend doing that.Congrats on securing your primary though.

Enough immediate cashflow to balance out the mortgage, taxes and insurance.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

The mortgage is secured by the real estate.