This show is packed with insight from AJ, including: How a loss on his first deal directly led to millions of dollars in later profitHow to find underperforming real estate dealsHow he made $13,000,000 in equity from an old Kmart buildingAnd the medical emergency that put his real estate to the ultimate survival test while AJ fought for his life (this story will shock, amaze, and inspire you!)

., to an owner-occupant) or doesn't want to (for reasons of speed, convenience, etc.).Here's my simple test: If the seller would be best served by selling the house retail through an agent, then that's what they probably should do, and there's no good reason for you to get in the way of that.

The two non-performing ones I'm in (JVs to test the water and see if it's something I want to pursue further) have been headaches.

So the unit I plan to occupy was tested positive for meth, which is why we're trying to get those tenants out and clean the unit ASAP.

I’m a full time real estate agent and just passed my brokers test and applied for multiple licenses so that I can open a property management company.  

I discussed in another post about understanding one's debt/income ratio and "stress testing" your portfolio given the market conditions. 

There are some complex structures to mitigate that for sure where the owner might hold assets in a blind trust with no control but you are a one man show and that won't ever pass the smell test to a judge.Asset protection is all about risk tolerance.

If it passes the in person test, then offer, then inspection, then re talk numbers, then I'll fly out there and talk to the tenants. 

When I have previously checked into this with my accountant it seems their are very specific tests to pass to be considered a materially participating passive investor, namely that you must spend half of your time and at least 750 documented hours in passive real estate to qualify to deduct depreciation. 

The test is pretty tough if too much material is thrown at you!!