While you don't need to become a licensed real estate agent to explore other avenues for tax savings, engaging in a self-employed side job can indeed offer more opportunities for deductions.To maximize your tax savings, it's advisable to seek the expertise of a CPA specialized in real estate.

meant to say we have two financial regime right.the last 12 years are the cheap money regime, so buying real asset risk/reward is almost no brainer than holding cash, good to become borrower for asset that's appreciating (10%) lolbut in the last 12 months we moved to expensive money regime where holding cash itself is producing money with almost no risk, while doing business including real estate is having higher risk (compare to cheap money regime).

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

@Jacob WohlgemuthHey Jacob, to @Manny Vasquez's point, whether she qualifies for the Primary Residence Exclusion or not will be the primary factor on your tax question. 

Reasons include too long to close and terrible experiences with NACA inspectors.

I want to convert my husband's Roth IRA to a self directed Roth IRA to buy properties with.

Your costs include no soft costs (settlement, permitting/entitlements, finance charges, insurance, taxes and utilities.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

- include testimonials from real estate investors who have benefited from using a 1031 exchange.

While some of us want to preserve it within the family, others, including my late grandfather's wishes expressed through my grandmother, are inclined to sell if we can't make it financially viable.The house itself is a 1 bedroom, 1 bathroom dwelling.