If the potential investor is still not convinced, he states that since 2012,every loan note has been repaid, a better track record over 12 years than any lender in American business history.Source: ( Link, 36:10 )Norada Real Estate Investments, according to the Passive Real Estate Investing website:“Marco Santarelli is an investor, author, and founder of Norada Real Estate Investments ( Link ) — a national real estate investment firm offering turnkey investment property in growth markets nationwide,” ( Link ).In contrast to Norada Capital Management, Norada Real Estate Investment does not raise money from investors.

Ideally, you should have consulted a real estate tax pro before doing that.

If you move title to the property into a trust for the seller's "Estate Planning purposes", you still need the mortgage company's approval. 

Quote from @Alecia Loveless: I have very nice units that rent on the high end of market value but a backsplash is not a standard option in our area so we don’t do it.Where are your units?

I'm excited to share that I've finally taken the plunge into real estate after a long search!

To thrive in real estate investing, you must maintain a firm grip on your finances.

I can see an explicit exception in CA Tax Code § 17561 that says you can not use the qualifications in Section 469(c)(7) (Real estate professional) to render that income as non-passive, but I see no callout for 1.469-1T and, as such - as a non-CPA - I do not (yet) see a reason why we cannot follow the same rules for CA that we do for our federal taxes; e.g., if the business is not a "rental" business per tax code, we count that income as non-passive and offset other income (W2, etc) similarly.Does anybody else have some guidance (or opinions) on this matter?

.: Wild idea based on a property in my local market.

It’s awesome to see your passion for real estate and your clear goals for building a portfolio.

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.