If you qualify, you can use passive losses, like those from depreciation, to offset your active income.

For those of you actively working on fix-and-flip projects, particularly in dynamic markets like Houston, I’m curious about your approach to navigating today’s challenges.

Quote from @Christine Gordon: Quote from @Roi Azoulay: This firm is known to advertise fake distressed properties all over NY and reach out the the actual owner w/attempt to get listing agreement, Unfortunately they are still active and keep doing this for many years and no other website/mls does anything about it. 

Building relationships with wholesalers and staying active in local REI groups has also helped investors I know find opportunities that still pencil out.On the refi side, DSCR loans have been a solid option, especially for staying cash flow positive.

Plus some of it, especially in Jeff Davis County, are on top of an active earthquake fault zone.

I am Jon and moved to the Jersey City/Hoboken area two years ago. actively looking for investment opportunity now.

I know it may seem from everyone's eyes that I may be jumping the gun and going in blind, which is fair I have no experience in real estate or STR but I do have experience in business and have had a successful business when I was active in the market I worked in. 

I suspect without money and active participation as LP, you cannot legally do what you suggest.Have you seen the underwriting?  

I saw an offer like this one recently with a Navy Federal bank statement that "had $700K" in the bank and it seemed legit.. but the LLC wasn't active with the state and they had assignment of contract language all over it.

I used Stacey Lancaster (she's pretty active on Bigger Pockets) and she was fantastic. 10/10 would recommend to a friend.