If you and the other members are active in the business, the IRS expects you to take reasonable salaries as W-2 wages.

It can also provide significant benefits for short-term rental owners who materially participate in their rental activity, as these taxpayers may be able to offset ordinary income with accelerated depreciation deductions.However, high-income earners who do not meet the active participation or real estate professional requirements are generally unable to fully benefit from cost segregation due to the passive activity loss limitations under Internal Revenue Code 469.It is important to note that cost segregation is not “free money.”

For that to happen, your tenants need to remain employed at similar wages for decades.

It can be a powerful way to offset W-2 income—especially for high earners and the self-employed.

The STRLH is optimized for high wage earners, earning enough that they can usually qualify and afford to purchase the property regardless of the tax benefits or proposed income.

When they’re old enough, pay them W-2 wages from a sole proprietorship or family partnership for FICA-free income.

One other resource if you will and that is fully understanding compound interest and how the miracle of compound interest can hurt or benefit you depending on whether you are an earner of interest or a payer of interest. 

If you continue working as a tax accountant for the big four in the Boston area, you will likely make $100,000 in a few years.If you want better hours, look to work for a small firm(less than 25 people) and you will likely work 40 hours a week most of the year and 55 hours for like 2-3 months.If you work as an assistant, you will likely make close to minimum wage. 

I’m a full-time W2 earner.

You’re asking what every analytical high earner should ask before jumping in: how much leverage is too much when starting out?