It's a generational wealth tool built into our tax code.

The poster is referring to the $25,000 special allowance under Section 469 of the tax code, which allows certain taxpayers to deduct up to $25,000 in passive losses from rental real estate against their active income.

The city is not that large, failing schools, low taxes, pia with water/sewer/trash, & Code enforcement that just hates investors.  

If not, the lease we use at my firm (McCaw Property Management) is built to comply with the Texas Property Code and includes key protections like clear late fees, pet rules, tenant obligations for maintenance, and more.✅ Tenant Application: Use one with built-in fraud detection.

For tax lien investors, this usually occurs after the redemption period ends and a tax deed is issued.Relevant Code: According to 26 CFR §1.1223-1 and IRS guidelines on capital asset holding periods, the clock for capital gains purposes starts when the taxpayer acquires a beneficial interest or legal title to the property.

I think you should mention your zip code as well, this well help people see the surrounding area bc in many parts of philly $1,300 is the top end of rent and I wouldn't touch any thing.

Hi @Jay Thomas, depending on your goals and criteria, here are some good zip codes within the Houston Area you may consider.77033, 77384, 77304, 77450, 77381, 77385, 77449, 77493, 77450, 77084, 77090, 77082, 77073, 77450, 77388, 77450, 77006, 77002, 77005, 77008, 77007, 77003, 77020, 77007, 77004, 77011, 77006, 77028, 77030, 77011, 77010, 77019, 77009, 77021, 77054, 77009, 77008, 77022, 77373, 77386, 77433, 77306, 77031, 77095, 77006, 77002, 77005, 77008, 77007, 77003, 77020, 77007, 77004, 77011, 77006, 77028, 77030, 77004, 77011, 77010, 77019, 77009, 77021, 77054, 77009, 77008, 77022.Goodluck

This has been a costly lesson in over-improving and navigating Park Ridge’s strict codes (2021 International Building Code, local amendments).

I’d love to hear where you’ve had success—or what markets you’d avoid.Any insights, recent experiences, or even zip code-level tips would be much appreciated!

If you go with RentRedi.com, let me know and I'll send you a code/link.