If you want to get rich, then you'll have to take bigger risks and go into things that can give you solid returns right away.

. :) I would put about 40% loans on them to buy bigger and more cash flow. 

Abel Good Morning Welcome to Bigger Pockets and I wish you all the best in your investing journey!!

The W-2 income does not limit your deductions.You are entitled to write-off as much as you want.The next question is, is the overall loss considered passive?

Sharing my feedback again here.Hey Bigger Pockets family.

Welcome to Bigger Pockets Karl.

If you are going to do a BRRRR there is a lot to learn just doing one of those and after that maybe you can make a modestly bigger plan based on your experience there.

I am new to bigger pockets, I am a licensed plumber in Northern California I would like to start obtaining rental properties 

Then I will deep dive the asset.I agree that you lose control also, but new investors doing a flip and trusting a contractor they met on Angie's List is way more a loss of control I think.

Keep your sites clean, reduce your liability exposure, keep your loss run reports clean and premiums from increasing. 2.