If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I am starting to believe that I need to learn the tax laws myself since I have lost so much money paying unnecessary taxes because my previous CPA's are not familiar with all laws or they just plug numbers into a software (without strategizing) and then I get hit with huge tax bills that could have been legally avoided. 

From my experience, starting with long-term rental properties is a smart move, especially for those looking to build wealth steadily over time.

Designing and building single family homes with emphasis on build-to-rent juxtaposed built-for-sale are benchmarks that I am interested in making Americans' lives better through homeownership.How did you find this deal and how did you negotiate it?

You're just building a house of cards, stacking risk factors, and hoping that it will all work out. 

House hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income, but it's important to have a long-term plan in place.

You can look at building cost and know that property has depreciated in inflation adjusted dollars since build.

If the payment is considered a business expense, then obviously it doesn't make sense, but I'm not sure if the payment is a tax write off since 1, I don't have an LLC, and 2 bc I don't even know if an insurance payout qualifies as a write off expense.

Hello Shad,I think there is always a time and place for flipping, but I think you build long term wealth with buying rental properties. 

Hey Noah, Yeah, our building in Seattle just got hit with $100+ HOA increases across the board.While we haven't seen the impact on property value just yet, it's only a matter of time before that number is factored into the affordability of the units.