What is working well for you now?

My girlfriend and I are rehabbing a house and we have work set to begin in the near future.

Been looking at a structure which will be optimal for having a portfolio of rental properties, financial investments, and all the other general life stuff, which will assist in asset protection, as well as tax liability etc.Thoughts on this?

I've been a small time buy and holder investor for about 10-years and am now looking to supercharge this to build both a legacy for my kids one day, as well as a path to exit my W2 job.

Assuming  this revenue ruling still stands, it mirrors the SC situation nicely, meaning it would support your acquisition date of the real property not starting until you have taken possession.I think this would be highly dependent on the terms of the local jurisdiction as well, so what might be correct in one jurisdiction, could be completely wrong in another depending on the rights acquired related to the property.But happy to be pointed where I am wrong!

If you are out of state, I would definitely recommend establishing relationships with contractors, property managers, agents, etc. before you start to make sure you are set up for success. 

Thank you again. check out the syndications and passive real estate investing section as well.

I'm sure it varies depending on the market you are in as well.

Plus you get market appreciation as well.  

They could go down as well.