(I am already working to trade my time for others' capital through networking at my local REIA.)My husband's job is AWFUL, but it has great benefits, and he cannot switch jobs right now.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

You dont "end it".... you just dont renew it when the current lease terms expire.

You get your money without the tax hit at the moment and hopefully continue to profit off them,   If the objective is long term passive income, it doesn’t make sense to sell them… it moves you away from your goal post.  

My long-term goal is to build up my own real estate empire to leave my job and spend time doing things I truly love.

**Essential Clauses**: What are the must-have clauses in a medium-term rental agreement?

Background information is that my wife and I have a high w2 income and also started an llc to mange a short term rental that we own.

Bret -For Long Term Rental, which I am assuming your Garage would be, you can take depreciation expense against the total cost of the rented portion including the construction/conversion.Thanks.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.