I understand that as one acquires more types of assets, taxes can become more complex, and I want to ensure I'm maximizing my savings.Are there any CPAs in this community who also own real estate and could offer guidance or share their experiences in navigating taxes as a real estate investor?

If there is interest expense over the investment income, then it can be utilized in the next tax year for deduction.

Thanks  Hi Jerome, you'll want someone local to you to consult on the down-payment assistance programs in your area, but I can tell you that most of them that I am familiar with require the property to be owner-occupied -- meaning not rented out.

Strong job growth, landlord friendly, and 4th lowest property taxes in the US make investing in NV make sense on paper too.  

Because tax and logistical benefits are so different. 

However, since you already filed 2021 and 2022, the adjustment will be happening on your 2023 taxes.

Some things to consider are: if minor maintenance is included, if they file the occupancy tax on the owners behalf, if they hire the cleaning service and if they "eat" the credit card fees or pass them onto the owner.

A rental pays no self employment tax. 

It will take me 2.5 years to recoup the cost without taking into account tax benefits.

No W-2s, pay stubs, or tax returns are required. 90% of underwriting is based on the property not the borrower.