Otherwise, look at the investment from a perspective of the basic annual cashflow and then determine if you would be able to gain any significant benefit from the depreciation or other tax benefits of the investment (speak to your CPA on that matter).  

There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.

I'd rather just take my lumps and pay the tax as I don't think tax rates are going down anytime soon so my capital gains tax on my profits are about as good as I'm ever going to be expected to pay. 

Most often I'd hear people say:1) High taxes - but this can easily be reduced/eliminated by proper accounting and management.

There is also appreciation (gentrification area for this one), debt pay-down, and tax benefits of owning it outside of the cash-flow. 

Third, they pushed him to buy device from a tax person asking for $600!!!!

If you read and understand the instructions for a 1040 tax form schedule e, you basically now understand how to make money renting out property.  

Today, I'm discussing the complex world of real estate taxes – a topic crucial for every property owner.

However, it might also incur additional accounting and tax complexities.Non-Real Assets:Holding Company: If the non-real assets are essential to the operation of the property, holding them in the same company as the property (either operating or holding) makes sense for financial reporting purposes.Separate Entity: If these non-real assets are more independent or potentially have different risk profiles, consider holding them in a separate entity owned by the holding company.

Who's going to claim the 1098 interest from the mortgage on their income taxes?