Having moved to Texas from Tennessee, I'm actively exploring the local market and excited to connect with this community to gain insights and knowledge from experienced professionals.

Since you mentioned your W-2 income is above the threshold, it’s likely that you don’t qualify for this status, so the losses would be suspended and carried forward to offset passive gains in the future.With REPS and 500 hours of material participation in your LTRs activity, you can release your losses from LP interest.

I believe I make MORE money by charging less in large part because of the reduced vacancy.If you can keep tenants on average a couple extra years and basically eliminate a 2 month turnover you have gained 2 months rent.

Bigger appreciation gains (3% appreciation on a $1M is better than 3% on $100K) and you have bigger loan buy downs.

I'm looking to make connections, offer services, and gain some knowledge.

Enjoy the renovated home for 2 years and sell it for tax free gains.

Would it be ok if we connect, that way I can personally message you to gain more insightful information?

The objecting scoring matrix that we created allows for somebody with a sub-600 score to still be eligible, they just don't gain as many points for being below that threshold... however, still, individuals still seem to be frequently getting denied based on bankruptcy or 6+ non-medical collections......

Also on taxes, if you sell your equity now does that mean you are realizing some of the gain now, or is it really just a debt product by another name?

You may make a quick return in a hot market, but the moment that market turns south (which it inevitably will) you will be scrambling to not lose everything you just gained;  2.