By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.

The seller is a veteran and qualifies for a full property tax exemption.

Hey Simon, you have some good thoughts but I would not do that.  1) As one other poster mentioned it is just as much work to run a studio as it is to run a five bedroom (same number of guest contacts per year).  2) taxes are a bit high at 11% 3) You're going to get the motel crowd...

I have the issue of a high mortgage and taxes and insurance.

The rental house is 9BR and about $850k so hoping it would benefit us with W2 tax.

I know that the property taxes are some of the highest in montgomery county and that this is not a desired characteristic of a market that is supposed to be good to invest in. 

Hello guys,I keep hearing that as a real estate investor you get tax deduction, depreciation asser, and no one tax you on debt.

Which is about 3 months of rent but i can deduct thay in my taxes against rent.Or are you guys using Heloc as I won't be able to deduct that from my rent is what I read.Also is there a better way to find lender with less fees for closing for cheap investment rentals.Currently I have 5 rental. 2 with personal home mortgage and 3 paid cash so no mortgages.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Any tax benefits?