Philip - I looked at the past couple of posts that you started and you mentioned many things from BRRR, Flips, Wholesale, buy and holds.each category you mentioned is treated a little bit differently for tax purposes.

@Brendan M Brown I notice you mentioned you are looking for a primary residence and you want to invest in real estate.

Looking for some insight if I should wait to purchase in the hopes of more multifamily properties becoming available in the future, if I should make an extremely low ball offer on what's currently listed.

I too am waiting to hear the correct answer.

In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive.

If your plan is to use the card to help advance the material purchasing while waiting for draws, thats a valid reason to use a credit card, but I see too many inexperienced investors get crushed thinking they can use a credit card to cover the improvements or even the downpayment and I urge you to stay clear of this strategy.

They are a resource for acquisitions, but many are selling terrible "deals".Waiting for your reply...

Though I will admit, we are facing the same issue as mentioned above with the "army of clients" now for 2023 tax year 😆 its a cycle of accounting firms I suppose. 

Meanwhile, my suggested steps 3-4 are completely ignored despite offering the greatest preventative measures not to mention providing huge cost savings over time.

My end goal is to have 2 separate lots, for me the only way to split my original house and ADU off onto separate lots was to add a JADU to my original house.I only mention it because you said you have tenants, you would not be able to use SB9 until 3 years have passed since you had tenants.