@Ryan Stuckeyany plans to expand into PA?

.- 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.

I live in Littleton and I'm planning on buying in the west Denver metro and I'm familiar with the area, but additional data points are always helpful.

Plan on buying more properties and becoming a realtor again.

I am based out of Phoenix and plan to work here.

This was never my plan to assume it.

In most cases, the owner/possible seller would want an option fee paid up front to entice them to entering into the option to purchase agreement, so assuming that is the case, would enter into the agreement with a pretty firm plan to purchase and not lose that option fee. 

I am a buy-and-hold investor and planning to hold long term (10+ years). 

Rental properties have the potential to produce passive income over time with prudent planning and management.Syndications or Partnerships: To pool resources and participate in larger buildings or projects, think about joining real estate syndications or forming partnerships with other investors.

The plan to move into the duplex and then out after a year or two, and do that again, is the strategy that my family has used.