Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into the following categories to accelerate the depreciation:The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

The reason I haven’t purchased anything yet is because I’m a new real estate agent and I’m focused on building my business as an agent for the time being as well as saving up money for a down payment while I’m building enough of a track record to show the banks that my income is steady enough to be approved for a loan since I won’t have any w-2 income.

I bank and collect rent payments through Baselane and it’s a great way to set the rental terms and then forget it since the system generates invoices monthly. 

My other goal and his is to build generational wealth.

We want our daughter in the better school district.Both of our income increased significantly this past January.

Also, look at what your rental income might be. 

Building a duplex or triplex for house hacking could be a solid investment strategy, especially considering the potential rental income and your ability to live in one of the units.

Also my cash flow is not that great (relative to value of RE) because I have extracted value on a consistent basis (income is almost $20k/month more than piti but when subtracting off the other expenses (cap ex/maintenance, vacancy, misc) it is less.

Probably has another source of income resulting in them not closing houses and not being immersed in real estate on a day to day basis

Some of those being sales tactics, MLS access, network for investing, market data, insider industry partner networking, obviously extra income to supplement your USAF income, helping fellow vets/servicemembers and any buyers/sellers at that, and not having to pay an agent when you are accumulating properties as well.