I also write in my lease that if there is a repair for $150 or less the tenant is responsible for it.

Even if I am just 20 years old I want by the end of 2019 to have already a Rental Property but until then I want also to get my relator license before.I'm writing this hoping that someone will want to help a young guy with big dreams by giving me at least some advices.

The exact example, could I set up an LLC, get a credit card in the name of the LLC, and purchase the BiggerPockets Pro Membership with that card and write it off as a business expense?

Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-70% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off. 

Purchase: $300kFMV: $550k Tax Appraisal Land Value: $253kThe issue becomes that usually the improvements (road, signs, fence, dumpsters, electrical, water/sewer, lots, etc) usually run 60-75% of value of the investment and thus is depreciated but with the land value on this about equating to purchase price, I’m missing out on this write off.

Everything - and I mean EVERYTHING - has to be in writing.3.

I will say that deal has done wonderfully; it is now worth about 4 to 5 X what I invested about 6 years ago.As I am now 65, I can see the IRS writing on the wall with the RMDs on my horizon; RMDs start at age 70 and a half.   

My questions is would it work out better for me to sell or to donate to write the loss against my taxes?

My goal is to have enough cash flowing real estate at to write off a plane payment!

Maybe I'll write a blog post i fI get around to it.