Let me give a brief background for the context of my question.I’ve been investing in real estate for the last 14 years but more actively for the last eight years.

Been doing this model since 2002 over 3,000 funded in 20 states.. and of course I am VERY active in your market ..

I also hope we have a change in the White House and this requirement disappears immediately.It's interesting that this rule was created the rule to prevent companies from hiding criminal activity even though the vast majority of American companies will never engage in criminal activity.

We are actively looking to make connections with realtors.

For instance the mortgage broker has their license but isn’t active in buying/selling real estate so gives it to you as a referral.

Some cliff notes:REP status requires 750 hours in real estate activities, and then after you hit that, the test is materially participating in your rental activities.If it is a short term rental with less than a 7 day rental period, if you materially participate, which could include at least 100 hours and that is more than anyone else, then yes possibly can use the bonus depreciation against other sources of non-passive income. 

My mortgage is currently $2500, not sure the payment will drop within those numbers even if my spouse being a Active duty.Does getting my loan current mean I have to pay the entire amount owed.

Unless you or your wife can qualify as real estate professional status and claim passive non-cash losses against your active income.

Ironically we just did a webinar yesterday on passive vs. active investing.

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