@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

(I REALLY can’t stand state income taxes.  

Attractive Tax Environment for InvestorsGermany offers favorable tax policies for property investors.

If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.

. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.

No problem.. what I did with my ridgeland and Madison rentals and I had bought 12 new builds for the Gozone tax bene's post Katrina..