BUT when you're doing an arbitrage you're just getting cash flow and you're missing out on the equity and tax benefits

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

But there are implications to that strategy so be sure to discuss your specific situation with qualified tax expert as this is not a tax advice and I’m not a tax expert. 

I use Stessa to keep track of all expenses and comes handy for taxes.

We are not married, but I charge her 'rent' which is a little less than 1/2 the mortgage.Are there any tax benefits to saying she's a renter and I'm the landlord?

Nevada is a great place to invest because it's landlord friendly, low property taxes, tech job growth, population growth, and no state income tax. 

Also would like to make humble successful entrepreneurial friends who are ministry minded or just wise and not self indulgent.Sure would enjoy learning more about finding an affordable management company and exit strategies.  721 or RE funding collectives dont interest me.  

@Angel M.Please discuss this matter with your CPA, who will likely tell you this is self-defeating.Passive income from rentals is favorably taxed. 

Hey everyone,Anyone have any recommendations for great real estate-focused accountants to help me with my taxes? 

Unfortunately once you head into the suburbs the higher taxes really eat into cash flow.