Some people are very easily fooled by a few fake testimonials, a fancy website or a professional looking business card.

@Brandon, Nelson, I appreciate as a professional you make the effort to price properties based on the current market.

8) No tenant can be an elected official or member of a professional sports team ( a contigency to my insurance- seems strange to me!)

I hire a professional stager and photographer for every property I'm trying to sell.

I have 26 occupied units plus 5 in the renovation pipeline, they are all 100 yr old buildings in decent areas with mainly young professional tenants.

The properties must be professional managed as in any event the rules are violated the tax credits become worthless, so it's a very tough business to break into.

Seek professional advice from an attorney to form my LLC based on my business plan. 3.

Why not just hire a professional and focus what you should which is MARKETING and REAL ESTATE INVESTING.Hope that helps!

There are rules to follow so you should get a professional's help, but it could save you around $10k in taxes.

As long as you are active in some of the decisions you quite likely will be considered active.You can get around the 25K limit and the high income limitations if either you are your wife is considered a real estate professional.