So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

It's so important to take action and remember that the best time to invest in real estate was yesterday, the second best time to invest is today!

Please remember to keep copies for your records.

Remember: Sometimes "good enough" beats technically perfect!

I don't remember that legal argument arising in the last couple of cases I was in, so it just may not have been addressed.   

I signed a form “giving them the power” but I don’t remember if it was even notarized, probably just docusigned. 

💭 Final ThoughtsWhen your financial advisor pushes back on your real estate investments, remember this: You're not just "buying a house" - you're investing in an income-producing asset, just like buying shares in a dividend-paying company.

Remember: "Trust, but verify."

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.