While it’s tempting to focus solely on finding and closing deals, overlooking these areas can put your growth and financial security at risk.A thoughtful tax strategy allows you to maximize deductions, utilize favorable tax structures, and keep more of what you earn.

They’re liabilities, held on behalf of the tenant, and not money you’ve truly earned or can use freely.

Quote from @Ian Ciborowski: @Jack Matthias absolutely, I plan on saving up for the downpayment and having extra for all the various costs.

As long as you can earn 4% I have no problem with you just calling that investment funds you can use in case of an emergency.

I started seeing how this could be a perfect starting point: bring value, build relationships, and earn while learning.

But it doesn't.Real learning happens in the doing.In the phone calls that feel awkward.In the deals that don’t go perfect.In lessons you cannot get from a textbook.Street smarts are earned by taking action, making mistakes, and adjusting fast.If you’re still waiting to feel ready you’ll be waiting forever.

I started seeing how this could be a perfect starting point: bring value, build relationships, and earn while learning.

One issue with section 8 is it takes an additional month to get approved and the lease signed so even with higher rent, the extra month vacancy eats up most of the higher rent. 

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

It is a benefit that you have earned and is a great benefit.Good luck