Real estate investors should consider key tax aspects for financial optimization and compliance.

A person should choose what they are comfortable with as well as what makes financial sense in the particular situation.

What can we reasonably hold them financially responsible for?

With all of the improvements you have done, is your asset located near hospitals or professional services wherein you could do an MTR? 

Unless you plan on purchasing the property with all cash; obtaining any type of financing for a property as a married couple will mean that both of your incomes and financials will be factored into the financing with conventional lending.

Example: "I want to build financial independence through real estate investing.

Maybe it has something to do with how the assets were transferred?

How did you acquire the first few assets? 

Consider Offering Incentives: If the tenants are unable to pay the full amount of rent owed, consider whether offering them a financial incentive to vacate the property voluntarily could be a viable option.

Looking for real estate focused tax advisors for new investors, someone who will take time to explain and advise benefits, best practices and any areas of concern in real estate investing based on our current financial portfolio.