Hal_Al
Level 15

Investors & landlords

I disagree with the advice: "I would not recommend renting the condo if you can't show a net profit and pay some tax on the income."
Rental real estate is an excellent tax shelter (within the limitations of the rules) and investment. Most small landlords do show a loss, if they have a mortgage. The future tax on the depreciation recapture and capital gains is totally avoided if left to heirs.