Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck

If you are claiming Real Estate Professioanl Status(REPS), it is important to keep a log of your activities. 

Best practice is to do this type of modeling after you've seen the property and gotten the reps to know what all the numbers mean.

Based on what you say, your business partner will have Suspended Passive Activity Losses if you decide to pursue cost seg + REPS tax strategy.

An agent can help with flips and be aware of the new NAR rules that you'll have to sign a rep agreement before viewing a property

I even offered to sign an NDA, but the sales rep insisted that they were not available for review. 

My title rep pulled a property profile on the house and it shows as a 2/2. 

The account rep I was assisgned, Michael Johnson, has been exceptional. 

You don't want to flip in the Bay Area without knowing the repair costs and as others have said, this is a time and reps thing, as well as who you know.

Does the sales rep know you’re an investor and not an owner occupant?