Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

As long as I wasn't running new water or drain lines, they were fine. 

@Alex Silang If your Short-Term Rental (STR) is in a different state than your home, it's generally best to register your LLC in the state where the STR is located.

IMHO they are the worst properties Vegas has to offer although they have tripled or quadrupled in value in the last 10-15 years, that was the play, not the cash flow. 

.• One of the positive factors about selling me your house is that you can stay in it for as long as you need toand I can get you your money on the date of your choice.• I will pay cash when I buy your house so you can have the peace of mind of knowing it’s sold not only sold,but sold to someone who can afford to buy it.”• Believe me, there is nothing more frustrating than seeing a deal break down in escrow.

As long as the investor was good with the price you gave them, they won’t care that you are making money and most are actually happy that you are.  

I'm considering a rowhome in baltimore city that was built long before 1978, and it is not registered with the maryland lead program.

He's is the only member of the HOA.Two units are being rented out as regular annual rentals.Rest are medium term rentals (90 day) for a local hospital.Sp would that mean you can turn it into an apartment building?  

They got cash in their pocket from distributions, and a huge tax write-off that you have no way of getting.REIT returns are not comparable to direct investing! 

It's the spread between the purchase, ARV, and future cash-flow (lunch money).