I recognize the simple answer is talk to a REI friendly CPA (which I plan to do), but I'm curious what others have deducted to less their own tax bill if they just acquire a couple LTRs over time. 

I'm all about the hands-on approach, teaching people how to recognize those golden investment possibilities and even encouraging them to join me in real transactions.

Notably, last year saw an unusual surge in October, which traditionally had been one of the slower months, often trailing only behind September.Seasonal Trends Based on Previous Years:January - Recognized as a mid-season period, January experiences a boost from holiday spending that extends into the first 10 days of the month.

Honestly real estate isnt cheap and had some big legal repercussions so theres going to be fear but it's about looking at your first property, the first flip, or the first time you pitched a potential investor and recognizing the courage it took to take that step.

This is especially true when you utilize low money down to purchase multifamily.Caution with Out-of-State Investing: Investing out of state entails complexities and reliance on unfamiliar parties, which may pose challenges compared to local investments where you can easily drive to and learn more quickly about.Realistic Assessment of "Cashflow" Markets: While investing in cheaper, cashflow-focused markets out of state is popular, it's important to recognize that the numbers on paper often differ from reality, and success stories may not represent the norm.Manage Expectations: Be wary of overly optimistic narratives and calculations, and ensure your investment decisions are grounded in realistic expectations and thorough research.

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

Again the law makers will blame the greedy LL without recognizing the lawmakers role in the rent increases. 

I recognize it is 1 unit, but also the "closed door" discussions with current tenants can negatively impact the occupancy of the property prior to close 4-1-24.  

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

And at that point it is taxable with the tax being recognized as each payment comes in.