I have just received a draft of my tax return with the schedule E.

E.

Your goal is to move from hesitation to execution faster than I did.If you’ve been stuck on the sidelines, overanalyzing and waiting for the "perfect" deal, here’s my best advice:✅ Stop chasing the perfect deal.

Whether trades or medical.  

Schedule E it is!

If you have that kind of money you should be closing deals, not wholesaling them.By the way, wholesaling is NOT investing, you're not holding the properties, your trading them. 

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit

The Federal Trade Commission watches trends in reports, they don't address single reports.

Having family with trades is a huge benefit, even if they don't do the work, utilize them as a resource. 1.

And they execute their investment strategy/model (develop, resell, hold, etc.) effectively to generate a return and/or equity and make a living.