@Zach Howard you pretty much MUST hold it in an LLC if you don't have the proper visa or greencard.1) Many attorneys over-hype the benefits of an LLC for each property.

EspinozaSellerManuel EspinozaMortgage (10/26/2007)Mortgage Date10/26/2007Recording Date11/05/2007Mortgage Due Date12/10/2022Cash PurchaseNoDocument Number1188950Mortgage Amount$15,824Mortgage Loan TypeConventionalMortgage Deed TypeDeed of TrustMortgage Term15 YearsSecurities CategoryCNV, Fixed, Other Subordinate Loans, ConformingMortgage (09/06/2006)Mortgage Date09/06/2006Recording Date09/14/2006Mortgage Due Date10/01/2036Cash PurchaseNoDocument Number1221521Mortgage Amount$200,250Mortgage Loan TypeConventionalMortgage Deed TypeDeed of TrustMortgage Term30 YearsSecurities CategoryCNV, Adjustable, Refinance, ConformingPrevious Ownership (10/26/2005)Date First Seen As Owner10/26/2005Document Number1654183Sale Date10/26/2005Recording Date11/01/2005Ownership RightsSeparate PropertyOwnership Relationship TypeMarried ManAbsentee IndicatorSitus Address Taken From Sales Transaction - Determined Owner OccupiedDeed Securities CategoryInterfamily Transfer, Resale, Residential (Modeled)Universal Land UseSingle Family ResidenceProperty IndicatorSingle Family Residence/TownhouseResale New ConstructionResaleResidential Model IndicatorBased On Zip Code and Value Property is ResidentialTitle CompanyTALON GROUP TITLEOwnerManuel EspinozaSellerLisa A.

Do you meet the strict requirements of a "real Estate professional" One does not need to qualify as a real estate professional to benefit from cost segregation on STRs, but there are other required qualifications:https://www.biggerpockets.com/forums/51/topics/1075919-five-...

Thy are also promoted heavily by guru type attorneys that greatly oversell the benefits.

I am using HELOC for the first time.Do I get any tax benefits from having to pay those interests through the heloc account.

It took a posting from me fir Grocapitus to make adjustments??

**Cost-Benefit Analysis**: How do you approach the cost versus potential savings when it comes to appliance warranties?

Hi @Leeroy AyalaHonestly, both are good opportunities, just with different kinds of benefits and risks.If you’re looking for simplicity, stability, and guaranteed education funding, I’d probably stay with the 529.If you’re okay taking on a bit more work and want cash flow now and possibly better returns long-term, the rental could make sense.

@Pavan K.In general, real estate losses via operational loss or depreciation deduction can not be used to offset ordinary income (W2) if one’s adjusted gross income is over $150,000. 

Real estate historically appreciates overtime and also has tax benefits that you can take advantage of.