“Z”; $2,736(no other box in Part III is used.)Supplemental information for the 1065 states:“CLASSIFICATION OF INCOME AS PASSIVE OR NON PASSIVE AS IT APPLIES TO THE IRC SEC. 1411 NET INVESTMENT INCOME TAX MUST BE DETERMINED FOR EACH INDIVIDUAL PARTNER.

Homestead, Mortgage, and whatever supplemental is all dropped off. 

I'd like to continue working in the tech field, and RE to me is a supplemental cash flow, as well as a diversification of the portfolio.The posts I've been reading in the forum, blog posts, twitter feed, podcasts have been quite encouraging, and I'm just excited to learn more from everyone here!

Get a long-term loan (12 years fixed) with a supplemental loan feature to extract the value add. 

I think getting into real estate investing could supplement your career as a union carpenter greatly.

I'd encourage you to seek out a larger brokerage that offers strong training opportunities for new agents and try and find a mentor within that brokerage that works more frequently with real estate investors as a supplement to your knowledge. 

Retire Early with Real Estate- Chad CarsonThis book details many investors who have retired or supplement their retirement with real estate. 

You also back into it by taking the known ROI you require and multiply that by the spend, this will tell you how much you need in a rent bump to justify it.Me personally, I use between 20-25% ROI as my threshold.Another thought to this is if you can do this for 20 units and do secure the $100 rent bump then you just made the property worth 400k more assuming a 6 CAP or 300k if using an 8 CAP. this will help when time to sell or do a cash-out refi or supplemental loan.    

Looking for cash flowing buy and hold real estate that will supplement retirement income.

Also, to supplement what @Brent Crosby said, it's not timing the market, it's time in the market that matters.