I'm bias, but NV is right next door with the 4th lowest property taxes in the US, much more friendly landlord laws, strong appreciation, etc.

Does that have a positive or negative tax implication?

Hell Looking to understand and get advice if there are still accessible opportunities to grow wealth through real estate in the Seattle area (Seattle, Bellevue, Issaquah or beyond).Objectives: - De-risk income/wealth from my full time job - Grow wealth (property appreciation) - More cash flow (if possible)- Have somewhere to stay (myself and family) when I visit (why something like STR/corporate rental would be great - can have a spare few weeks here and there)I have a couple properties in the Seattle/Bellevue area.

I want to replace my income within a reasonable timeframe, so I'm looking at a syndication mentorship with a "guru" who claims I'll close my first syndication deal on a commercial multi-family property within 6 to 12 months.

@McElroyI believe the IRS has taken the position that Airbnb income is active and is subject to self-employment tax.  

DSCR is a no-income verification loan.

Is this a low income property?

By identifying and classifying the various components of a property, it may be possible to accelerate the depreciation of certain items and potentially reduce your tax liability.It is important to note that the rules around cost segregation and depreciation can be complex, and it may be beneficial to work with a qualified tax professional to determine the best approach for your specific situation.

I am looking to add passive income while still working my current job until it makes sense to do real estate investing full time. 

Currently leased to Section 8 tenants, it generates a steady monthly gross income of $1,645.