My name is Ben and I am about a month into diving deep on real estate investing education.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

The real wealthy people are quiet, unassuming, running their business and not their mouths.Keep networking, educating, and growing.

Sorry this happened to you...real estate investing is not for wimps. 

Why ask: A mentor who is actively involved in the market is more likely to offer relevant, real-time insights, strategies, and lessons learned.

That's a horrendous fallacy and a weak mindset to think that real estate agents are buying the best multis.

My name is David Robertson, and I’ve been passionate about real estate since I was 12 years old.

Hi Allison, This is definitely something you would want to get advice on from a CPA, preferably one who specializes in real estate.

Overall I would personally consider how I can still grow with the freedom that I have focusing on my real estate.