Quote from @Sofia De Santos Tavarez: Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants.

They will likely have interest when you want to transfer ownership of the property to the new LLC.

Do you need the tax write offs?

For example, sometimes as a GC a person you know will ask you to do a job, you say to yourself, this will be quick and I'll get a little capital for the next deal.

Understand the NJ markets, such as Northern NJ, Central/Southern NJ, and Jersey Shore, and focus on building relationships with those active in your desired areas.Good luck!

Here are a few options: max out 401k contributions for you and your spouse, max out HSA contributions, make charitable donations, harvest tax losses, etc.I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Chances are you may show a negative cash flow which is throwing you off.

Your loss is limited to the amount you invested.You can sell shares of publicly traded reits on the stock market during trading hours.

You do not need to own a primary home in order to buy an investment property.

If you're going to make a lot of changes, I recommend consulting an attorney to ensure you're updated on the laws.