This is because REPS reclassifies rental losses as non-passive, allowing them to fully offset active income.

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

I am still in the learning phase, but I am actively researching some local markets to hopefully find something this year.

Perhaps there is an opportunity for us to work together.Thanks again for responding.If you're looking locally, I'd focus on markets with a decent amount of activity/inventory so that you have more options i.e.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

I am actively expanding my STR consulting business!

I will update my reports to federal law enforcement about these activities once I have completed debunking all of his new claims.

Personally that is what I wanted, an active mentor. 

Search for the BP podcast episode with Jude Bernard - he is very active in NYC.

Hey all,My name is Tony, I'm 35, just started actively pursuing financial independence and have been really hammering away at learning everything I can.