So rental income can be tricky, and you could end up losing value if you're only getting meager cash flow here.

I own 3 single families free and clear their not used for income (2 vacation homes and a primary) 1st year business  gross sales 600k.

I get they reduce after a year but would you avoid cap gains if you put the gains into another property or investment? 

NY will tax you on your NY source income.  

If you're looking to aggressively grow your portfolio, then I would put as little down as possible (hoping that you're not planning on living off the rental income any time soon). 

And yes, i have reduced the sale and leasing price.

Hello everyone, I am looking for a lender to provide a second lien on multiple single family rentals, but which is not based on personal income.

This would reduce the capital basis for that individual in the LLC but will not be considered taxable income.

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $182,900.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

If you had a side hustle lets say with an LLC (has its own bank account, expenses, income, etc) You could most defiantly write it off under "education expenses"