Lets call that the :( side.2) And there is the happy side... passive income (syndications, passive partnerships ie medical/dentist offices) and passive losses (depreciation, bonus depreciation via cost segregations common in syndications).

Get a ton like tens maybe a hundred million in real estate that you can get bonus depreciation on and that’s very highly leveraged and don’t make to much cashflow or you will pay taxes still so go for expensive appreciating markets.

The remaining $200K becomes additional depreciable basis to you - a nice bonus.

After completing the sale of my full-service restaurant in October and then the sale of my pizzeria last week on 2/3 (just finished training period with the new owner this afternoon), I am officially ready to give my full attention to my RE business.Major bonus points to the restaurant industry for teaching me the importance of knowing EVERY.

Bonus Question: what is a good habit for when I go to improve my tax strategy later-on?

If you're looking as an investor, then you can sign up for a wholesaler's list in the area you looking to invest.

Rather, it should be looked at as a bonus!

My investors  has enjoyed the price since 10% to 15% by the time SD is complete and not repair expense for next 15 years and bonus for me ...very easy to rent since no headaches of repair management 

@Jonathan Bombaci - I gotta sign up for the next virtual Meetup, thanks for this reminder.

Tax benefits from bonus depreciation can be a major advantage to syndication.