Generally - the depreciation on the structure, mortgage interest, property taxes, repairs & maintenance, insurance, property manager, utilities, vehicle expenses (mileage), professional fees (reports/CPA), home office (office supplies, percentage of utilities, continuing education).

Index funds and compound interest are also incredible investment vehicles that, as much as we hate to admit it, outperform a large percentage of real estate investments.

@Christopher ReynoldsIn Colorado Long Term rentals are next to impossible unless putting 25-30% down and getting a few hundred bucks or cash flowing.

I recently spoke to a realtor in the poconos, in particular regarding Masthope and he said obtaining a str permit is very hard now, if not impossible.

I log my work for Material Participation in a simple spreadsheet - Date, Property, Activity, Time, Description, Vehicle Used, Mileage, Person (my wife or myself), Expenses.

It enables me to pool resources, leverage my partners' skills, and gain access to larger investment possibilities that would be impossible for me to pursue alone.

@Austin Tessyes, you can get a loan to do a flip, but flipping still requires your own cash - it's typically impossible for a brand new investor to borrow an amount that covers all of the costs of a flip.  

It definitely would be near impossible in Utah.I wouldn't buy under 50k without any experience.

Southbridge and Webster are cheaper as well.There will be obvious trade-offs in terms of location / amenities and price but i have seen good traction in all of the aforementioned locations.I'm looking for househacks for clients around central Mass and while they're not impossible to find by any means units in Worcester are typically trading at $225-250.

Not saying it's impossible, but that is a full fledged business.