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As @Nicholas L. always so brilliantly puts it, a house hack is the easiest way to accumulate properties for the lowest out-of-pocket.Buy a 4-5br home, rent each room, save that tenant-paid rent and buy again in a year or two.

If the client is self-employed or they own other real estate, you'll want to ask for a copy of their two most recent Federal tax returns - all pages/schedules (you shouldn't need the state tax returns).   

Investments in Opportunity Zones can offer great tax benefits, but when combined with a cost segregation study, the benefits can multiply.An Opportunity Zone are areas that struggle with poverty and lack the necessary access to economic opportunities.

How do I get my money back with minimal tax liability?

Hi All,We have a prospective tenant who says they are self-employed but don't have any tax returns for the past 3 years.

Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals? 

My suggestion would be to come out to as many in person meets as possible (https://www.biggerpockets.com/forums/521/topics/1177645-tax-...), ask tons of questions, and figure out how to hang out with people who are doing what you want to do (add value, work for free, do anything to get that experience.What area of Chicago are you looking to invest in?

So I help investors in the process that lets them sell investment real estate and purchase replacement real estate without paying tax on the profit.  

Is Texas better than KS, it seems I saw a log of complains of the high property tax!!