Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.Good luck!

My goal is to build an active group of investors who are eager to collaborate, share ideas, and work together.

Not to hijack the thread, but I'm also curious... to those that have had success in this area, are you the ones actively answering the calls / emails from these mailers, or do you have a team in place to respond to the leads?

Recently a prominent marketer of Cleveland rental properties and property management services named Bob Prisco was exposed for being less than honest in his business dealings and posting activity here on BiggerPockets.

Readers should seek professional advice.

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

Looking forward to being an active part of this community and learning from all of you!

Readers are advised to seek professional advice.

Quote from @Andrew Steffens: I just use 1 card for 65 units (managed) and 1 card for 8 active rentals owned. 

Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other types of income.