Hey Magda, as accountants on BiggerPockets, we're not allowed to self-promote (that's against the forum rules).

Purchase price: $260,000 Cash invested: $26,000 Purchased home in 2019, debating on making it a long-term rental or selling.

As many other I am beginning my journey on real estate hopping to learn the most I can.

Take a look at this ad, which is clearly targeting a keyword that a buyer would use.I know what you’re thinking: “Yeah, I only pay when someone clicks on my ad,” which is true.

Here is a fun lil horror story to illustrate the need to line up your ducks FIRST!! 

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

On top of that are the low homeownership costs.

Should be on BP as well under their list of recommended lenders. 

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.