Build a strong local team in each market, including real estate agents, property management professionals, contractors, and lenders.

Here’s the answer:To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.Here are some of the key requirements:1.

I was interviewing someone today for a marketing position and she is working for a company that were two IT professionals who sold a business, started a multifamily fund that is not doing well so now they are starting a ground up development fund for single family homes and another fund in commercial real estate.

Eventually, lawmakers realized the negative impact this was having on the real estate sector and created what is known as Real Estate Professional Status (REPS).

With six children, it seems that the others would probably have known and reported.With first-hand experience of an overzealous medical professional, I'd wait to see if the charges are valid.

Then you go find the appropriate professional.

Linda,Welcome to the BP forum, it's one of the bes REI sites right now loaded with seasoned investors and seasoned professionals able to help with every angle. 

I appreciate the feedbackThere are a lot of experienced investors and professionals here you can learn from. 

Whenever making an investment decision, please consult with your tax attorney or financial professional.

I never read the book you referenced but at least it appears the book is written by a tax professional which is a good start.