As I grow in the real estate space on the side (looking to get my first multi-family soon), Brandon and David's advice to "find your unfair advantage"  has resonated with me and I believe growing in the real estate accounting/tax space is mine, especially since I have the CPA designation that tends to allow for greater credibility. 

As I grow in the real estate space on the side (looking to get my first multi-family soon), Brandon and David's advice to "find your unfair advantage" has resonated with me and I believe growing in the real estate accounting/tax space is mine, especially since I have the CPA designation that tends to allow for greater credibility.

The advantage is the cash flow  the disadvantage is having someone living in your home.  

Gives you a slight advantage too!

The point of this anecdote is to find your unfair advantage and use that for a BRRRR if you can.

Also any advantages to purchasing new buildings vs old ones.

That is something that we pride ourselves on also have had appreciative Borrowers/Customers where I've spent more time with them to share experiences of what can go wrong and what's most advantageous and not just stick with the sales pitch.

@Peter Kozlowski a buyers agent doesn’t cost you anything, so why not take advantage of the expertise of a real estate agent who will walk your through the entire process?

If I pay the manager 10%, and am still paying for repairs, etc. as they arise, I'm not really in an advantageous financial position.  

My thought is to write your representatives about this if you agree with it.Ultimately this is an indication that the Feds do not have any qualms about changing the terms of any tax advantaged account.