It's best to consult a tax advisor to confirm if your setup allows for cross-property PAL usage in your specific case.

So after a long and healthy Tech career I thought it was time for a change.

When I first visited I was surprised at how undeveloped it was.

I certainly endorse it and implement it for my clients.

Hi There @Chinelo Ononye - Don't be afraid to keep investing here in the Windy City if it's your home lolWe've got an awesome real estate community here in Chicago and would be happy to connect to see how we can help.Generational wealth is an amazing aspiration and there is no doubt you are the "one" in your family that is going to make that change.  

@Abu S Syed What Questions do you have about DSCR mortgage loans?

It's not a good strategy to scale IMO, but it is often a good strategy to help you build a solid foundation for your portfolio and then use those properties as leverage so you can scale.

So, keep that in mind because if your struggle you will personally be on the hook for the debt.

Is it advisable to do that for protection and tax deductions?

The $40k number may have to do with something else!