I am exploring STR as a strategy to use accelerated depreciation to offset my W2 income. 

Hello,  if I purchase a rental property in Miami this year and close under my name, and then transfer the title to a LLC the same year, do I need to anticipate TWO times the property tax hike for next year?   

This could potentially allow you to generate more income while still owning the property.

The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.If not, we’ll have to bring in our structuring attorney to ensure the right steps are taken to maintain 1031 eligibility.

Would a fix and flip be the best way to go or is it better to invest in rental income properties.

  - Income.

I think you can't get this credit on an investment property but if it is your primary residence, can you apply the credit on the investment side of the duplex?Would that be something you can use 'twice' if that is the...

We are both residential appraisers working the NE Florida markets looking to transition over the LONG term to replacing our modest annual income through small/mighty single-family by buying in the path of progress where prices appear to be somewhat undervalued relative to long-term upside potential.

You can get 2 houses in B areas in Montgomery for $250,000.  125k house will rent for $1,050 -1,150.And, second lowest property taxes in the nation behind Hawaii.

Hello Murray, Assuming the new owners are interested in selling, you'd want to offer enough to help them cover their transfer taxes, legal/title fees, other closing costs, and possibly their moving costs.