Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors.

This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).

I set my tenants up on Zillow and they put their info in directly so I don't have to get involved with their bank at all.

However, if you are an investor involved in multiple cities, you might prefer a lender who is licensed in various locations.

.: There are ways for him to sell the property to you even with a mortgage, but there's a lot of complexity involved and I don't recommend it.

House hacking involves specific tax strategies like depreciation, expense allocation, and potential rental income reporting, especially since you’re in a different state from the property.You cannot just claim the house.

This will be my first pure investment purchase, my experience up to now has involved house hacking.

I mean if you get it, it will allow you to retain your investors.As an alternative, you can take the route others suggested:1) Fund  of funds2) Partner with others on GP side in an investors' management roleKeep in mind, that both options would require you to have a full understanding of the role and the regulations involved. 

Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.

Atlanta area "pastors" involved in real estate... that's a whole different story in ethics.