Basically, I'm trading $300-$500 per month for this benefit.

That way you’re not furnishing a unit and fielding messages while running on two hours of sleep.Once you’re ready, MTR could be a great next phase — your property’s location is tailor-made for it.

What I’m not as strong in (yet) is handling the backend side of deals— analyzing deals,  structuring contracts, etc.I’d love to find an investor, wholesaler, or small team that could benefit from having someone focused on lead generation and phone work.

It also comes with a restaurant that hasn’t been in service for 40 years, but the structure is in surprisingly good shape.Here’s what I’m thinking through so far:Standard due diligence: +Phase 1 and 2 environmental, city plans/zoning, health department approvals for bringing the restaurant back online.Talking to the Army Corps of Engineers and the local harbormaster about dredging (not something I’d do immediately but want to know long-term outlook) and figure out generic cost for budgeting purposes. 

You’ll still benefit from rental income and depreciation deductions, which can offset some rental income.Both options have tax benefits, but it depends on how quickly you want to scale and how much cash flow you’re aiming for.Good luck, and happy to connect.

The phase-out schedule goes 100% in 2022, 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026, and 0% after 2027.

But there are some important things to keep in mind: all income and expenses need to go through the IRA, you can’t personally benefit from the property, and IRS rules have to be followed carefully.

@Aaron Zimmerman I agree that there is no taxation or liability benefit.

***  There're zero tax benefits, only tax problems.2.

You’ll also get depreciation and other landlord tax benefits.2.