(aqt least not the LLC itself)However, as a RE investor with an entity (LLC, S-corp, or other) you can deduct business expenses such as auto, office, travel, depreciation, ammortization, etc and reduce your taxable income, but in divorce court, count on the opposing attorney to argue to add back in any paper losses.Best advice is to settle out of court.

My current "full time" job has me traveling quite a bit all over the world and as glamorous as that may sound it's really no fun when what you really want to do is to be able to go to your kids soccer game.

I travel all over the US so it allows me to familiarize myself with how to gather information to create a deal.

@Jon Holdman hi Jon - can you advice the best action to take as far as taking over my sisters home and removing her from the titles and loan without it being a “sale”?

My wife and I have talked about buying an RV and traveling the country when the kids are grown ( the youngest is 2).

If you are travelling around as pointed out in part 1 and 2.

Travel and equipment acquisition subject to Sec. 179, are big benefits in this category.YOU MUST be in the real estate business.

I also have a sister-in-law who is an interior designer and has given me great advice on my rentals and a house that I flipped.

I didn't go to the county and waste time there, nor the travel time, nor the time in the assessors office, nor the fuel.

And I am not speaking of any major city or its suburbs, but the outlying areas where you have to travel an hour ot two to get to anything substantial.