For those of you familiar/unfamiliar with how travel nurses are paid I will explain.Travel nurses taxable hourly rate is usually lower (compared to national rates) between $30-$50/h.

Get your income as a real estate professional below the QBI limits for small business owners and you get an additional deduction just for making below the following cutoffs:20 percent tax deduction for small businessesSmall-business owners look to grab this 20 percent tax breakCertain entrepreneurs may be eligible for a 20 percent deduction on qualified business income, which they can take on their 2018 tax return.Business owners with 2018 taxable income below $157,500 if single or $315,000 if married and filing jointly may qualify.My 43k jeep grand cherokee was a 43k writeoff in 2018, and it got me just barely under the 315000 after depreciating and writing off a million other things... which got me another 63k in deductions. 106k in deductions was equal to over 30k off of my year end tax bill- I got that car for 13 grand.

This exemption reduces your taxable property value."  

Taking on more debt is not a taxable event. 

Good Day!I have a client who is being gifted $170k to purchase an owner occ. SFR as a primary residence. The donor is her father who will also be living there as his primary residence, but will not be going on title. ...

Taking out any money (not including loans on a properly structured policy) generally is taxable.

Let's assume you buy a house for $115,000 with 20% down as investment, at an interest rate of 5%, so the loan amount is $92,000 (almost as much as your balance on your student loans), wich will bring you a monthly mortgage payment of $494 + property tax $200 + property insurance $100, a total of $794.00/month expense for this home.Let's further assume that you are renting this home for $1400, that will give you a $606 cash flow per month.In the same time, you will get to amortize the $115000 for over 27.5 years, meaning that $4182 will be deducted from your taxable income, and if you are in a 25% tax bracket ( and I bet your in a higher tax bracket based on your income) you will save about $4182 x 25% = $1045 per year, plus, out of the $494 mortgage payment at the end of 12 months your paid about $1500 in principal, meaning your $92000 balance on the loan is down tot $90,500.So let's see, after the first 12 months, you have a home that if it appreciates at 3% a year, you are in the following situation:Home worth: $118,450Balance on the loan: $90,500, ( paid off$1500)Cash flow: $7,272Saved on tax a min of $1,045So at the end of the year your $23000 down-payment brought you back:$3,450 in appreciation$7,272 in cash flow$1,045 in tax savings ( minimum)$1,500 in principalTotal of $13,267 in cash you gained in 12 months for an investment of $23,000, so you can get your money back in less than two years.Imagine taking this to the next step of using the 75K as down-payment for a 3-4 flat with more cash flow, more tax deductions, more principal gained, and higher appreciation.

Your idea of earning money through fix and flips means getting lump sum gains which could each be taxable.

Depreciation, especially in real estate could and often is significant and is often used as a tax shield to lessen the tax burden.In this case and for the referenced fiscal year, Total revenue = 398,874; Total expenses = 420,689 but 165,516 of the total expenses was just depreciation which does reduce the taxable income.This is why the cash flow statement often helps give a better idea of how money is actually flowing through the company.

FWIW, I am no where near the $250K by choice and I am further reducing my taxable income to the absolute bare levels.