My goal is to acquire 2-3 properties over the next year in Fort Worth area for buy and hold. 

Investment Info:Single-family residence buy & hold investment.

I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp Hey Alejandro, LLC for holding rental properties is generally best for the asset protection, and that's it.

. § 1.469-9(g) to treat all interests in rental real estate as a single rental real estate activity, and the taxpayer holds at least one interest in rental real estate as a limited partnership interest (as defined in Reg. § 1.469-5T(e)(3), the combined rental real estate activity is treated as a limited partnership interest of the taxpayer for purposes of determining material participation. 

Hi Josh, Additionally, consider building conservative assumptions into your financial projections to account for potential market fluctuations, economic uncertainties, and unforeseen challenges.

As long as the total income reported on your tax return matches or exceeds the total income reported on your 1099s, and you have documentation supporting the breakdown of income by property, the risk of audit or inquiry may be relatively low.Pros of the approach:Compliance: Helps ensure compliance with IRS reporting requirements by matching the total 1099 income on the tax return.Risk mitigation: Reduces the risk of IRS flags or inquiries related to unreported income.Cons of the approach:Complexity: Requires additional documentation and statements to reconcile the reported income with the 1099s, potentially adding complexity to the tax return.Time and cost: The additional work required to prepare separate statements for each property may result in higher accounting fees.Ultimately, it's essential to weigh the pros and cons and consider the specific circumstances of your situation.

These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.

I’m eager to start my real estate investor’s journey!! I really want to learn, apply, and grow my portfolio! 

Additionally, you need an agent who specifies in this type of asset.

Wedding people, bike rider groups, extended families in addition to one big family.