Also, an LLC can elect to be taxed like an S Corporation. 

“The Fed”, in theory, is independent of the Executive Branch (the President) and has a mission to accomplish two things, known as a “Dual Mandate”.

Depending on where you elect to purchase, permitting can take awhile.

As a famous politician stated "we have to get re-elected" and austerity is desperately needed but unpopular.

On March 4th 2025 in President Trump's address to congress, he stated bonus depreciation will be coming back to 100% (Source) (Source 2), and Trump’s new TCJA budget framework was just passed by the Senate on April 5th.

A lot of the investors we've worked with recently in CT elect either a 1 year or 3 year prepayment penalty to save more of their capital upfront and keep the terms comparable.Happy to go through some details for you though if that's helpful!

Setting up the right entity (LLC with possible S-Corp election) can help reduce self-employment tax exposure.Long-term rentals reintroduce passive activity rules, but combining them with STRs or qualifying as a real estate professional in the future can unlock additional tax strategies.Regardless of the path, detailed recordkeeping of travel, supplies, contractor payments, and property expenses will be critical to maximize deductions and defend them in an audit.Starting with STRs is a strong move because the tax code gives you more flexibility to use losses and deductions against your active contractor income while you build equity.

Hi Sam, We spoke about a year and a half ago, but I elected to buy something in the Berkshires and not CT.

.- You must spend 750+ hours and more than half your working time in real estate activities, and you can make a grouping election to combine all rentals for participation purposes.- Once you qualify and materially participate, losses from rentals become non-passive and can offset W-2 wages.- Buying new properties in a 50/50 LLC ensures both spouses have ownership, making REP qualification cleaner.- Actively managed rentals (even turnkeys) can count; syndications and limited partnerships remain passive regardless of REP status unless you meet the 500 hr material participation on the groped RE.

We have a 2.75% interest-only ARM with no rate reset until Feb 2032, and a loan balance of $1.02M (this is the original loan balance, we haven't elected to pay off any of the principal because the interest rate is so low).2) I confirmed with our lender that our mortgage is assumable since it is a portfolio loan held by the bank and not sold to investors.