200k down payment available and I can benefit from tax deductions

[Chris Ke]

Hi,

I have 200k saved for an investment property, and my wife makes 450k a year in business income from her s corp small business.

What are some of the best options for my situation? I would like to see if I can make a small profit, and I want diversification with maybe a 4 plex, or multiple SFH/Condos. I can do this full time, adding 200k every year for down payments, so I can qualify as a real estate professional to be able to do a cost segregation and accelerated deduction. I would also like it with a 5 hour drive from los angeles so I can drive to the property.

Thanks in advance for any help. 

[Ben Trageser]

There are a number of tax strategies which you could benefit from. I recommend finding an accountant who specializes in planning.