Keep the money, get taxed on it, and do whatever you want.

In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive.

I’m debating if I should implement rent increases for current tenants during lease renewal, even if it’s just $25/month to help keep pace with increasing costs and taxes. 

A cost segregation study is one of the most beneficial tax benefits for commercial real estate properties.

In general the holding cost I estimate are utilities, loan payments, taxes, and up keep costs for example.

Hello, I am wondering if anyone knows of a few CPA's with lots of rental property experience to help me sort out my first year of taxes and deciding on an LLC in the Denver/Littleton area.

However, it is important to consult with a legal professional or tax advisor to ensure that this arrangement is feasible and complies with all applicable laws and regulations.

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

They are both listed on title of the property and my wife has been using it and paying primary residence taxes on it. 

Then in 6-12 months do a cash out refinance and take out cash "Tax free".