More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)

Be sure you understand the tax benefits and the errors that are often made that limit those tax benefits or come back to bite.

It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan. 

(Accountant, dentists, etc.)  

You don't need to show income history or tax statements to qualify.

DST providers/literature often cite that though the return is low, when combined with the tax deferred benefit, it’s better than selling an asset, paying the capital gains, and reinvesting in a normal syndication.

Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status.

This is for tenant occupied or turnkey properties that I want to cashflow, not hold for losses, deductions, or depreciation to offset taxes.

She covered attorney fees, closing costs, title and paid up the property tax through the end of last year.

This means that the LLC will not file its own tax return.