I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

A lot of times you cannot view the property.

Look for properties in the same (or similar) neighborhood with the same size and amenities.

The seller needs to sell the property for a divorce settlement and initially did not want seller financing.

The properties are considered on a separate basis, you can actively participate in one and passively participate in others. 

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

I’m a real estate investor looking to purchase his first multi family rental property in the city of Columbus, Ohio!

You may be better off with a higher rate and the flexibility to access the equity in that property to grow your business or even bail you out of a jam.

This will be a straight up listed property and a purchase just to see the process on a Commercial/Industrial property. 

The units are pretty much turnkey, but my analysis shows that the property will barely break even.