( Not sure if that's the correct terminology.)Whatever loss I take in the first year against my wife's income, does doing this change my rental income from being passive to non passive income as well?

And always remember evictions can cost typically 2X-5X than CFK's - But your time is the most valuable LOSS in this all!  

Operating Agreement: This document should outline each partner’s investment, share of profits/losses, decision-making authority, and exit strategy.

Or vice versa.The lesser areas can typically cash flow better and have more opportunities for bigger discounts. 

I Can't Believe This Is HappeningHello, Bigger Pockets community!

What kind of loss are you talking? 

Welcome to Bigger Pockets Robert!

So the financial institutions get a better return  on there losses.

Welcome to Bigger Pockets Kerron!

Hi Bigger Pockets,I'm based in Central Florida and new to BP.