No challenges Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

High Income professional over the income bracket that allows you to deduct RE depreciation from W-2/1099 non RE income. 2.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

What do I care?

We catch errors all the time made by our Clients' tax professionals in the REI space.

Yep, just be careful with the information you see since it is heavily geared to Americans.There is a decent groups of Canadians on here. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

I'm about to turn 40, a working professional with a Ph.D. and I make 6 figures.