Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.

Networking Tips: How can I leverage industry events, meetups, and online communities to build relationships with potential investors?

The best way to do this is develop a great working relationship with a real estate agent or escrow officer and they will provide you with reports for free. 

Hi, As a property manager (based in Chicago), I have to say the screening process is paramount, because its the start of your relationship with various prospects.

Or, are the failed projects going to kingmade investors that have "special" relationships with the lending banks? 

Some Excel files that my 15yo daughter could have done a better job putting together and when we ask questions we are given the shuffle around, no one … and I mean NO ONE will give us a straight answer … I feel like we have just been sucked into the 2020's version of a new age cult!

Hard lesson learned for me that my family isn't to be trusted ever again and that I need to severe my relationship with them completely because they have harmed me & my child emotionally & financially.  

Note that California taxes capital gains as ordinary income (up to 13.3%) and does not conform to federal bonus depreciation rules.This post does not create a CPA-Client relationship.

I want to base all my relationships off honesty and transparency.