@Christopher FrazeTo clarify, you need to meet two factors:1) More than 50% of the personal services you perform in all businesses during the year MUST be performed in a real estate business you materially participate.2) You must work at least 750 hours in a real estate trade or business.If either you or the spouse qualifies as a Real Estate Professional then you will be permitted to deduct all passive activity losses from your rentals against ordinary income from whatever sources derived.

For example two identical buildings on opposite corners of the same intersection sold in the same month should trade at similar cap rates.

For large managers this may not be an interesting route but for those wanting to benefit from the royalties from the secondary market trading, its an interesting route for sure

Illinois has strongest trades unions because they own the politician/lawmakers there.

I encourage all others who have been swindled or have had similar experiences to share them too and to submit complaints to the Better Business Bureau, Department of Consumer Affairs, Consumer Financial Protection Bureau, State Board of Accountancy, Federal Trade Commission, Police Department’s Financial Crime Unit, and the District Attorney.

I am a Journeyman lineman by trade and have been saving capital and learning about real estate for quite some time now.

Go drive around new subdivisions with new construction and strike a conversation with the boss of the crew for whatever trade you are looking for.

More and more deals are trading for insane prices.

I am on the board of CFRI, the local chapter of the National REIA, you should come out to some of the many meet ups we have to network with both investors, trades and agents.Would be happy to connect sometime, Best of luck to you!

You're just trading direct-pay tenant issues for S8 issues.