Many people do this or a 1031 to avoid a huge tax bill.

As an investor who just turned 60, I can tell you that diversifying your portfolio into RE can definitely be beneficial for many reasons.

You can take bonus depreciation on any property that has assets that qualify.So to answer your question, yes, you can take bonus depreciation on components of a house that is used as a MTR.However, what you may want to determine from a conversation with an accountant is whether the activity will be treated as active or passive.The next question would be, even if you can do a cost segregation study, would the added depreciation from bonus depreciation be beneficial.

After hearing about the proposed 50-year mortgage, I started to think about certain scenarios and who it could actually be beneficial for.

Some investors look into landlord-friendly, affordable areas where you can still get good returns without a huge upfront cost.

It might also be beneficial to connect with a real estate agent who is familiar with the Portland market, as they can offer guidance tailored to your needs.Remember, every expert was once a beginner, so don't hesitate to reach out and ask questions.

Congrats on taking that first big step toward buying your first rental—that pre-approval letter is a huge milestone.

If your return for investing in another property is greater than 8.5%, than it would be beneficial to invest rather than pay off the debt (would want a sufficient cushion above 8.5% to justify the added risk and work of investing in another property vs simply paying off debt). 

Understanding your goals can really help guide your decision on whether to start small or go big.If you're starting with limited cash resources, perhaps considering partnerships or joint ventures might be a beneficial route.

So, when syndicators and gurus promise you huge tax savings from their promoted investments - make sure you understand how PAL rules apply to you.Exceptions to PAL restrictions1.