This is because REPS reclassifies rental losses as non-passive, allowing them to fully offset active income.

Personally that is what I wanted, an active mentor. 

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

If you’ve been active in the area, I’d love to hear your take—what’s working, what’s not, and anything I should watch out for.Appreciate any tips or advice you’ve got?

I am actively expanding my STR consulting business!

One CPA is telling us that we need to file a partnership return for all LLCs and the other CPA is telling us that we can place all properties on our Schedule E and use Schedule C for our property management activities We like the Schedule E and C approach because it's cheaper.

Hey all,My name is Tony, I'm 35, just started actively pursuing financial independence and have been really hammering away at learning everything I can.

The process can take client's anywhere from one month to two years of active and consistent searching, analysis and dealmaking to acquire the right home.

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