I have spent 100's of dollars on books about investing and business trying to educate myself and learn and came to this site to gain further understanding of what it takes to be an investor, the strategies, mindset, and networking.

The LTR unit's depreciation and losses would be considered passive and can only offset other passive income unless you qualify as a real estate professional.

Are you primarily seeking passive income, capital appreciation or a combination of both?

I would love for everyone to suggest some good books to help me gain knowledge from a beginner standpoint.

Home is under Dekalb county GA in stone mountain.Kind regards,Lynn

My question is this.....when does one actually receive the boot money minus the taxes owed for cap gain?  

.#2....Networking.This will be your most valuable leads vs almost every other lead source by a mile for most people.Almost everything else is passive and a crap shoot, no matter what others say.

Are you trying to gain cohosting clients?

They're starting to throw their houses up for sale because of all the equity they've gained and many are moving to other states so they can actually get insurance on the new homes.

RE Pro Status supercharges this.If you or your spouse are an RE Pro, your LP investments can lead to depreciation offsetting both passive and active income.If you are not an RE Pro, the losses due to depreciation can only be used to offset passive income—such as income from other rental properties or other passive investments.