You still cannot benefit from pass through depreciation and carry forward losses to offset tax liabilities from their active source of income. 

Do I need to lower my standards or try to find alternative ways to source deals? 

Pomona's population is about 150,000 people (source Google).

But, assuming this is your main source of income, generally, I like S corp here. 

@Marci Stein Do you have any objective source that suggests soap or washer outflow is harmful to a sump pump?

If I remember correctly, Civic Source is an auction service that operates in the tax lien foreclosure space and they own/bought a title insurer to issue policies on the properties they sell.

In that case, we encourage you to learn more about Ryan Poske and Bildwise from other available sources, including word of mouth, other online reviews, and Indiana’s public court records.

The Stowers Road deal was sourced through our extensive network of real estate professionals and off-market opportunities.

However, as of the date of notification, it was evident that a pref equity raise was to protect the GP and their source of income, not the equity of the LPs.

Learn how to comp correctly and learn how to project rehabs correctly and they become neither good nor bad, just another source of deals for you to underwrite and decide if they fit your buy box.