.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!

Inflation will more than likely out pace income growth.

To just form an LLC you should be able to figure it out.  

Happy to connect and answer your questions!

Think about your renovation and turnover cost. 

I suspect most states have a carve out for a few without a license but if your doing this as a business you need it.. 

So, keep that in mind because if your struggle you will personally be on the hook for the debt.

Cannot recommend it enough to start out. 

We are seeing its very challenging, especially for out of state owners. 

Best of luck on your REI journey!