So many ways to make your money work for you in this world.Whats your favorite way?

All of my properties are A/B locations with responsible tenants who make their payments through an online payment system.

Just make sure that transferr gets recorded with the tax assessor's office.

On that note, I highly recommend do not ever skip the permit process and always check in with the city;  Not doing so can quickly tank any deal.

That makes total sense and it's good to know that at least the passive losses can off-set the rental income.Quote from @Andrew Strauss: Hi Felicia - For high-wage earners, the ability to use rental losses (including depreciation) to offset W2 income is limited.

Real estate typically appreciates over time, meaning your property could increase in value even if you don’t make any major improvements.

Anything similar to a NYC subway station at 100 degrees or in the tornado zone makes me question the requestor.But this is a good question.

One of them is absolutely crushing it—she’s always hunting for leads, making calls, driving for dollars, and more.

Hire the very best people you can to advise you based on your exact situation and circumstances and then let them help you implement a solid tax strategy that makes sense for you.Regardless of your position and role, this is without a doubt one of the highest leverage activities that you can do.Remember, it's not just about what you make, it's about what you keep in the end that matters most.

They can make sure your set up correctly with entities and taxes, plus since they're an education-based firm, you'll learn all the things you want to know about.