Or in other words, the rent received from house hacking would cover our housing costs (mortgage, property tax, insurance, repairs, utilities).Upon research however Oahu seem to be a high cost and low cap rate area similar to SF where we currently live.

I have used the same property manager the entire hold and have had zero issues and extremely happy with management, tenant placement and help on property tax reduction.

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How do I get my money back with minimal tax liability?

@Brian Burns You could do things this way, but it will be slooooow and taxes will eat your flip profits alive!

Investments in Opportunity Zones can offer great tax benefits, but when combined with a cost segregation study, the benefits can multiply.An Opportunity Zone are areas that struggle with poverty and lack the necessary access to economic opportunities.

If the client is self-employed or they own other real estate, you'll want to ask for a copy of their two most recent Federal tax returns - all pages/schedules (you shouldn't need the state tax returns).   

If you ever need help on strategizing your business model or consultation on how to secure financing on these types of deals I would be more than happy to assist when the time it right for you. 

Hi All,We have a prospective tenant who says they are self-employed but don't have any tax returns for the past 3 years.

Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals?