Claiming Yourself As A RE Professional

[Steve M.]

Hey Everyone ...

I know the IRS requirse at least 750 hours AND that no other *job* carries more hours than RE.

Now, my question ... What about income? I own my own business, and have no problem saying I simply manage when needed (10 hours a week if need be) However, what if my main income is my business and NOT real estate. Could I still be considered a RE Pro or am I out of luck?

Also, what are RE Investors such as yourselves using to log hours? Excel Spreadsheets, etc...?

Thanks!
-Steve