Only 3 cases exist that I know of of individuals successfully defending themselves before the tax court of qualifying for real estate professional status while having a full time job.  

One insurance, one property tax, diversify vacancies (50% if one unit is vacant versus 100% for a single family).3.

He claimed that transferring ownership to LLCs would trigger transfer taxes which also justified why I needed land trusts.

High appreciation markets have higher rent growth.  2) prop 13 basically means property tax increases will be small (2%) regardless of the appreciation or rent growth. 

What is your tax position?  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

If am lending personally am I able to write off taxes from the interest from the HELOC, or would I only be able to do that with an LLC or S-corp?

I am scheduled to look at a property this weekend with this one being different compared to others I’ve viewed in that it was built in 1900.

Hi all, I'm looking at a deal that's grossing $56,400 a year, with about 39% in expenses(factoring in new taxes).

Will change some of the accounting and tax consequences.