PAL - passive activity losses limitationsHere's the compromise our tax system created.

Generally the big boys are running big firms and big systems. 

However, not everyone has the income to qualify conventional, so the alternative route would be DSCR loan where the program doesn't look into your income, instead it evaluates based on the subject property rental performance based on the ratio system.

This helps demonstrate that the property was acquired with the intent of being a long-term investment, rather than just a quick flip, which is important for the 1031 exchange to qualify.That said, each situation is unique, and there are exceptions.

So I definitely need to do a better job of getting the lots entitled (permitted) by starting the process well before they're needed.That being said, that permitting process and the area itself create a very unique situation that I believe helps deter anyone from coming in and doing large scale building.

I agree with the need of a furnace.Most mountain cabins have hot tubs.Emergency generators aren't cheap, but great to have during a sustained power outage.I've thought a battery backup system might be a good compromise.

Most of us doing it a long time have developed systems so that we handle these things efficiently.  

Chicago has some great meetup groups and unique groups of investors across the different Chicago markets. 

The 'valuations' of assets will follow the quantity of capital in the system, dominated by..the US deficit.

I purchased the system on the 26th and I thought the system said I had 30 days to review and cancel for a refund.