@Evan WilliamsRE Pro is only needed is you have losses from rentals that you cannot deduct due to high income limits.The dynamics of taxation that I described remain the same, except your rental losses can be unlocked.

With an LLC it takes time and money, but I've seen personal accounts unlocked, and other LLC accounts never locked.Meaning if it takes 8 weeks to unlock a personal account for an LLC and you fall into past due on your personal stuff, as well as the property payments and possibly the property insurance payment, does that happen with the Umbrella insurance.Because it seems all of your properties will be account locked, you cannot pay the mortgage and your personal account is locked...which might be the business/personal account.Anyone have any experience with this.

I'd love to unlock the secret to obtaining OPM but I have yet to break the code outside of private money from family and friends. 

Thats one thing I want to look into, unlocking some  equity from a property in Oz and investing that into property in the US.

If you already have passive rental losses (PAL) that you cannot use, going for REPS will not unlock those old losses.

As my colleagues pointed out, in order to unlock STR losses, you do not need REP status.

So, he dove into learning about strategies like subject-to financing, seller financing, and lease options, which he knew would be his key to unlocking his dreams.Jerry's first foray into real estate was with a distressed property he stumbled upon.

Lol, just like the back door has a deadbolt already (did you think I leave it lockless and unlocked and that a chain would be secure?????)

Taking advantage of these alternative financing options could be the key you need to unlock potential returns from Real Estate investments.

You'll switch out the calls about I lost my keys to the door won't lock/ unlock, generally that just means the batteries need replacing.