Not the 10 percent down aspect, just the whole idea that you can deduct against w-2 income without being a RE professional.

I purchased it via a RE agent.

From a local RE attorney.

As RE agent could facilitate deal without third party involvement Lessons learned?

A great way to start is by attending RE events and joining a local investors association.

https://www.facebook.com/pg/re... 

You may need to give them a notice changing re-iterating/changing the payments back to being due as stated in the original lease and then allowing them to not pay before moving to evict. 2.

Ha ha, BS, it's 2 months later and those deals are still in his "marketplace" even though they were sold and aren't available anymore! 

I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands. I'm a W2 employee, all long term rentals, n...

Whoever told you owning RE is passive income was lying to you.