.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

We have been tossing ideas around for a long time, and we thought who better to ask than our new Bigger Pockets community. 

Holton-Wise's thoughts on why that is can be seen below.

Please feel free provide your thoughts and advise.Thanks in Advance!

They can sharpen skills you already have, or expose you to things you've never even thought of.

What are your thoughts on a tenant who lives in the property(long term) but does not have an active lease.

I thought they had mistaking gave me.my first test results, but wasn't the case.   2 failures signed up again to take.3.rd.te S soon as I was allowed. 

Any thoughts, run away, am I missing something?

Thanks for your thought. 

Does anyone have any particular thoughts on contracts for deeds.