This order could potentially grant you access to the property for inspection, considering the insurance requirement.If the current insurance policy is unfeasible due to access issues, explore other insurance options that can provide coverage under these circumstances.Keep a detailed record of all your attempts to conduct the inspection and any communication with the tenant, the insurance company, and legal entities.

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Well then definitely fine a new cpa if he advised to hold real property in a S corp...

@Ceasar Abreu, another possible benefit of a HELOC is they are often interest only for many years, which means your net cash flow could be higher, but this also leaves a balloon payment.I will echo Greg: the only thing refinancing definitely saves you is having to write one check instead of two each month.  

So I’m trying to decide if it would be better for me to use my money to pay down my current loan, knowing I’ll definitely not be able to fully pay it off by the time I move, or to put my money towards buying my first invest property.

That definitely clears it up.

We definitely need to continue saving but I think you're right, wholesaling is my best bet to get started.

If so, there are definitely tax strategies you could start planning for.

Hi Account Closed is clearly an authority on the San Jose rental market on this site, so I would definitely take note of his posts on the subject.

I will definitely do that, NOW!!