Quote from @Rob Bergeron: Guys, this Jefferson Coutny lead paint ish is going to be wayyyyyyyyyyyyy worse for owners than you understand.

RE Pro Status supercharges this.If you or your spouse are an RE Pro, your LP investments can lead to depreciation offsetting both passive and active income.If you are not an RE Pro, the losses due to depreciation can only be used to offset passive income—such as income from other rental properties or other passive investments.This post is misleading ... 

When you sell, you will likely get appreciation - but that is not the main purpose of your investment.Direct SF ownership might be safer - also, it might not be safer.   

This log will be invaluable in case of an audit.3.Grouping PropertiesWhile I’m not an expert in international tax law, my understanding is that you can group all your properties together for material participation purposes.

Guys share  any of your last creative deals  how did you find the lead?

You will probably hear from my husband, John as he's taking the lead in speaking with lenders.

If so how many deals were closed by the leads provided by the list?

Here's the basics:1) The IRS wants to tax your worldwide income.2) In 2014 the IRS wrote that "For federal tax purposes, virtual currency is treated as property."3) Because of this, it receives capital gains treatment.Since most of you around here understand capital gains, I won't bore you with the details.

Does anyone have experience purchasing a 5+ unit multi-family building for the sole purpose of operating it as a short term rental?

I am very perturbed by the authoritarian way the program is managed currently, it feels like landlords are being purposefully ignored because we are profiting from the relationship (lets face it, everyone is...it's called business.