Too many owners being over-leveraged is what lead to massive foreclosures in the last big downturn 2008-2010.

I purchased my first long term long distance rental last year in a solid B neighborhood in Memphis with a tenant in place.

Am I able to deduct purchases of furniture that I made last year for this year? 

Insurance premiums - make sure you get an accurate initial quote on this and have conservative assumptions as they have been increasing at 10% per year the last couple years.Good luck!

Etc. or lastly, maybe owning the debt (being a private money lender)??

Beside just me as a his client, he has others as well and have been averaging roughly $1M in commission the last few years.

Cold SMS is getting harder to do due to the new A2P compliance rules in effect the last 6 months.

I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months.

It is landlord-friendly, and specific pockets have gone upwards of 2-4x in the last 5-10 years.

My question - my CPA used to account for depreciation until last year as 27.5 years (residential property) but starting this year and going forward, he says it should be considered as commercial property depreciation rules (like 39 years) .