Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck

I think paying off a loan with a high interest rate debt and adding to the principal is one way to stay liquid within the property. 

Good morning all....Your thoughts on sending surveys to your owners (landlords) and to your tenants asking how you are doing as their property manager?

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

Often syndicators will do a Cost Segregation, and this can minimize UDFI tax. 

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Investors buy shares and earn returns through dividends and potential stock price appreciation.You typically can’t lose more than your initial investment with publicly traded REITs.

At least try to have all credit cards below 20% of the their individual limit.The first image shows the drop of 59 points and the second shows the reason, I forgot to pay down one of my Citicards before the statement closing date. 

The best and most expensive areas are 39211 or the Fondren and Bellhaven areas.