UST bills do not generate passive income, they generate portfolio income, which cannot be offset by passive losses even if you had themThis is rather technical unfortunately.Do you have a solution for this situation...Can we form a LLC and show this land investment under this LLC and have schedule K1 which will show mortgage and interest as loss 

I have a flexible schedule and can work less or more hours.

Are you looking to do the loan underwritten by your income / off set by the rental income or a DSCR loan that uses only the actual or projected market rent schedule?

Send me a message and we can schedule a short phone call and I answer any general questions you have and hopefully get you going.Another option is go to one of your local auctions and talk to people bidding on properties.

But they are well known in the brokerage community.that fee schedule is pretty much standard all across the mid west.. nothing jumps out at me.pay your own utl fee's and you save those or better yet have the tenants pay them.. the inspections have to be done one way or the other 50 bucks to do what they do is dirt cheap.mowing the lawns is going rate..so  pretty standard really.. usually they will have your authorization to spend more than a certain amount say 300 bucks.. and usually turn over or maintenance is marked up at least 15% over cost.I can tell you unless you have thousands of units no one is getting rich in the PM bizz.. not sure how many they have and maybe they have thousands of doors in that case they are probably doing quite well on the PM size.. anything at 500 and under is usually kind of break even for most. or just a wage frankly.

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I am scheduled to look at a property this weekend with this one being different compared to others I’ve viewed in that it was built in 1900.

I have scheduled a call but it didn’t say anything about pricing.I know he has pricing for his ultimate guide course and his deal maker package but nothing on the mentoring.Just trying to get an idea of what it will costAny help would be greatly appreciated

@Glen Wiley Not yet, I have scheduled meetings with both.

When your rental income and deductions are on Schedule E you deduct in the year you pay, period.3) Read through the IRS Publication in Rental Income and Expenses make sure you are keeping records and deducting everything you can. https://www.irs.gov/publications/p5274) If you spent 250 hours over the course of the year on matters relating to the properties you can take the QBI safe harbor which deducts 20% from your final after-expenses number.There are other areas to look at in your tax picture that can impact the amount you pay over (your top tax bracket).