@Kody SmithYou’re right that many tax pros don’t fully understand the nuances of real estate.

This can accelerate depreciation and create large tax deductions that you can use to offset rental income.

Yessss, Rohullah I appreciate all the feedback regarding taxes!

I’m not sure if it’s the coolest real estate charity in my area, but one of the coolest real estate charitable tax strategies I’ve seen is when someone donates a property directly to a qualified charity.

If the lots are being sold at a loss, there would be no tax due on the sale, you’d have a loss carry over for possible future use.  

Make sure their Federal Lending Limit is large enough for you to grow.3.  

Make sure taxes and insurance numbers are correct.A lot of newbies underestimate these.

Even with good occupancy, fees, taxes, and seasonality cut deep into profits.

@Elmer Wayne Fisher,Switching from a long term rental to an STR can make sense for tax reasons, but you want to look at the full picture before making that move.From a tax standpoint, the benefit is real.

I’d like any referrals to an experienced and reputable professional, familiar with California corporate & tax law, to discuss entity options, tax implications, and sample governance documents.