I get the tax benefits on top of that (this is a big one for me), some small principal paydown, small monthly cashflow etc. 

Just as an example, FL tax lien is a guarantees 20% return. 

I want to be prepared talking about tax strategies with my CPA and I have a few questions. 1.Can I take bonus depreciation on the ADU?

Someone who works out of state with fire and government jobs but maintains permanent residency in home state with intent to return on taxes, license, etc.

And even then, that only defers the tax liability.With the craziness in the public markets, you could potentially tax loss harvest...At least be glad that you made money on it in 8mo. 

Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. 

I don't include any "tax benefits" in cash flow calculations.2.

But if  you break it all down yourself, its a negative CoC return and you are losing $......yes there are tax benefits, loan paydown, etc. but that still doesn't make up for the fact you are profiting 0, especially if you are investing in a cash flow marketIn the end, if you are just looking for places to park $$$ for the long term it may work out, but if you are looking to make an annual return on the money you put in there may be better ways of doing it.Just my 2cents on this, I'm not a big time investor like some of these guys and they are a successful for a reason.

Hello everyone. Hope all is well. I just started investing in real estate. I am looking for a CPA and an attorney.  Can Bp members advise me on where I should start and how do I find they are good. The accountant that...

As for functions, for the CPA it would be someone who can provide general REI tax advice as I build my portfolio, and for the lawyer, it would be someone who can assist with the doc side of rental purchases when needed.