Readers should seek professional advice.

No attorney-client, fiduciary, or professional relationship is established through this communication.

Good evening,My name is Robert and I have been in the real estate industry for the past 16 years.  I have been a REALTOR and property manager and I am currently transitioning into the mortgage side and I am moving int...

Please as Ryan  implies you should seek professional legal advice for your specific situation. 

Readers should seek professional advice.

The real estate game is professionalized, lots of players in the game.

A solid asset protection plan helps you manage risk, shield your holdings, and stay resilient in the face of legal or financial threats.To build a strong foundation in these areas, partnering with knowledgeable professionals is key.

@Josh Cocker When house hacking a duplex, it's true that your rental unit brings in new tax deductions, but it's important to understand how and when those deductions actually impact your W-2 tax liability.Key clarification:Unless you qualify for Real Estate Professional Status (REPS) or meet the STR (Short-Term Rental) loophole participation rules, your rental-related losses (like depreciation, interest, etc.) are generally passive.

Readers should seek professional advice.

This can potentially let you offset income with deductions and may help you qualify for tax breaks like those under real estate professional status — but check with a tax pro, as it depends on your hours and other income sources.LLCs & tax strategy:Setting up a cleaning or property management LLC could help you properly expense cleaning and maintenance as a separate business.