Talk to your tax advisor about how to release your passive activity losses based on your situation.This post does not create a CPA-Client relationship.

Active?

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

One key tip as you begin is to connect with local investors who are active in the markets you're considering.

Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: Best way to get that is by working with a real estate tax expert.

Since Joe is not a registered lender, Joe is not held to the same standards as a lender and the sale could be a wreckless and poor activity by the bank putting Bob in that situation.

That way you know they are active in the BP community!

And the calculation windows for when interest is assessed would probably surprise most people, it's generally not what one thinks it is so often waiting to that statement does often incur interest charges. 

@Grayson Chao look up WAREI on Facebook as that is a big active group of local investors and a number of meetups get advertised there. 

She bought a condo with lower-than-average dues, but a few months in, the HOA announced a special assessment for roof repairs.