Young professionals?

That easy question to answer will be a really great litmus test in your due diligence toolbox.If you are evaluating a REIT, it would be wise and prudent to do your homework and select the appropriate professional to guide you.

As long as one person is a real estate professional, you can usually use rental losses offset joint income.

Readers should seek professional advice.

Readers should seek professional advice.

Check with your lender and consult a tax professional to ensure proper structuring for interest deductions.

Just like when you call a big company and a robot answers your questions, but you have such a specialized question that requires a professional's input.

I definitely recommend that you seek out a Certified Cost Segregation Professional so that you are confident in the quality of the work performed and the deliverables produced.

Assuming they were professionally prepared and compliant with state law, these should define your default interest terms – probably in your note.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?