Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

You want to start out small when flipping properties and work you way up to bigger projects.

The bigger REIAs out there have many sub groups that may specialize in fix and flips, landlords, notes, or somewhere in between. 

You now have a $1,000 loss and can use that in your taxes.

Reporting these expenses on your personal tax return (likely Schedule C for a sole proprietor) could result in a net loss that might offset other taxable income, reducing your overall tax liability.

I've got a few more properties with a similar plan in mind—refinance, extract the equity, and use that to build toward my bigger target.The goal for me this year isn't just to buy more doors, but to make a strategic leap into larger-scale projects.

@Raymond Charles Gretz Welcome to Bigger Pockets and I wish you the best in your investing journey!!

@Melanie P.I need to unpack & clear some things up from your last post for Bigger Pockets viewers.

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

Management fees are steep, you're competing w/ bigger operators as well as mom & pop places - it's hard to get the personalized care needed, in my opinion, to be successful.