I have been listening to the Bigger Podcasts for at least six months now, familiarizing myself with the lingo and learning about others stories. 

@Kaveh Narimani that's a different story altogether then.

Even after seven weeks of troubleshooting with Stessa's support, my accounts aren’t consistently syncing.

Realtors hear the same story a lot - I am starting my journey and plan on doing a lot, but I need help right now.

I will say a friend in real estate just posted last night on his story that he did cash for keys to get rid of two non paying tenants and 5 dogs.

Hey Orlando,Long story short - no. 

Every investor ALIVE has a story like this, if they've been around for a bit.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

Below is a general description of the properties they are willing and able to rent:Type: Single-familyConfiguration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,500 SF, one or two stories, lot size 3,000 SF to 7,000 SF.Rent range: $1,900/Mo to $2,400/MoLocation: See the map below for the general areasToday, these properties cost between $350,000 and $475,000.

For me, I acquired a portfolio of seven four-unit buildings all in the same neighborhood.