I am a newbie, about to buy 2nd property; but still don't fully understand this.Side note, how does the Corporate Transparency Act effect this?

As long as it is not your primary residence, it is used to produce income and you pay for a cost segregation study; yes, you can do it.

(Interesting story of how that happened, involving WWII).Looks like China and Japan own a trillion each of our debt, but we own theirs too, so who knows....let's see what the money guys say.Thanks for starting out my day with the knowledge that I (as a taxpayer) am $266,000 in debt...that makes my day 😂Germany has a better income to debt ratio than we do. 

Since its a legit business, this will simply be a labor expense and expenses reduce your AGI(adjusted gross income) which lowers your tax liability.

You can comfortably be in the 7's using no income no doc dscr welcoming first time investors 

Next would be looking at your income situation. 

If it is a percentage, it is a percentage of the entire income of the lease.

They provided insights into rental income expectations and market trends, which helped me identify 'good deals' that aligned with my investment goals.

It's definitely not a terrible idea to own real estate outside of a retirement account so you can take advantage of all the tax benefits, especially using the depreciation to reduce your taxable income from a w-2 job.

Then it is time to invest in real estate.There are other legs to the three legged income stool… appreciation, and mortgage pay down.