to produce enough passive income so that I can invest full time.Thanks!

Noobdog, your post all makes sense to me but as someone who is too new at this stage to consider setting up a formal business entity, here is how I *believe* my tax situation breaks down at the moment:o If I can write off enough depreciation, mortgage interest, maintenance, etc. to offset my rental income, I break even on my taxes because I'm a passive investor with a strong AGI so no loss allowed on my taxes.o If I don't have enough expenses to offset my rent, I end up paying taxes on my rental income.I'd be happy to hear if I don't understand correctly but I've read the tax code over and over and seem to always come up with the same answer.

Read robert kiyosaki book on Tax Loopholes, i read it and formulated a list of questions to ask a CPA when i find one to see if they are still applicable today... jus a few examples are decpreciation (unsure on how exactly it works but i understand the concept), some rules on capital gain and how to avoid it.

One question I have is- How much do most of you generally pay, percentage-wise on captial gains.

Fortunately, in our network, we have gained recent access to a large USA-based investment fund that is investing in large-scale development projects.

You start by gaining education.

The guys who are truely successful in this business are the ones who are flexible enough to adjust to whatever situation is needed and the ones who can make constant small gains over and over again.brit2nyc, the bottomline is this.

Once an investor has identified his or her like-kind replacement properties, they have to comply with the following three (3) value rules for the actual acquisition values in order to defer 100% of his or her depreciation recapture and capital gain taxes:1) Trade equal or up in value based on the net sales/purchase price; and,2) Reinvest 100% of the net equity or cash proceeds that result from closing on the sale property; and,3) Replace the mortgage.

Good news, due to the real estate boom, I could probably realize about $120k gain after closing costs if I sold at a price of comparible properties.Question: I desperately want to sell, but would like to avoid the capital gains hit.

I guess my major goal is to gain capital.