You materially participated in the activity for any 5 of the last 10 tax years.6.

Don't try to build a buyer's list with no experience and no active under contract.

I'm an active-duty military (retiring soon).

While Vegas might feel like a good choice because it’s closer, let me make the case for Panama City Beach or Destin—they’re the kind of spots that could turn your first investment into a major win.Here’s the thing: PCB and Destin aren’t just beach towns—they’re vacation magnets.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

The vast majority of my tenants (particularly the ones I placed and did not inherit) have been great.

Don't see any major red flags here, so long as you are comfortable in the low income space.

Since Joe is not a registered lender, Joe is not held to the same standards as a lender and the sale could be a wreckless and poor activity by the bank putting Bob in that situation.

@Scott Rankin yeah they are expecting a major turnout.

The majority of my rentals I have acquired were for equity not cash flow.