Something to consider is to "donate" a portion of the rent they can't cover if you need a tax write off.

I would also appreciate and benefit from tax consulting along with general tax planning.

This is me offering my expertise to the BP community to assist everyone in accomplishing their goals.RTR also offers some very unique investment options that no other company does that I've seen.

You’re not creating a tax deduction you’re only pulling it forward.

That sounds like a smart move, especially with the tax benefits!

On top of the Cash on Cash return, real estate provides major benefits in 3 other areas, namely – Tax benefits, Appreciation, Leverage.If you calculate the return on net worth, a 7% CoC deals can often turn out to be 15-20% return on net worth!

You normally report your rental income and expenses on Form 1040 or 1040-SR, Schedule E, Part I, when you do your taxes.* What do I do to ensure that my property is safe legally from any lawsuits?

I’m looking for a real estate friendly CPA in the Central Valley California area (Tracy, Lathrop, Manteca, Stockton, Lodi, Modesto, etc) to help me with my 1st year of filing taxes for my LLC, taxed as S-corp.

I am self employed and run a trucking company so I write off my income to pay as little tax as possible.

You can summarize your transactions yearly by SchE tax category to support tax filings.Hope that helps.