Unless I'm a "real estate professional", which is dang near impossible if you have another W2 job, you're limited to the $25K "special allowance" for passive losses.

@Devin Dang has one in Canyon Lake and we just had a guest on the podcast with one in Fredericksburg

Have been pounding various Indianapolis realtor sites but there are too dang many new and reduced 'almost turn-key' properties to analyse that it's gotten very frustrating.  

Gosh dang Will you are taking the words right out of my mouth tonight.

I'm pretty much sure you can make some kinda money off of this.Thanks Danny Dang

I always have at least a $15k budget on our properties, there may be old asbestos siding in good shape but if it's ugly then we're going to paint it, if the porches on the front of the house are ugly, we're changing them, wrap the window trim in metal, throw a new roof on even if the current one isn't yet leaking, parge the foundation, replace the old cabinets, don't use $2/sqft laminate flooring, replace the dang trim if it's been painted over 100 times, remove the ugly wires from the outside of the house and have the cable company install new ones, fix the grading of the yard, trim trees, and repair sidewalks.

And dang it, we want you to succeed!

Dang.

Dang dudes, I thought this REI stuff was going to be a no brainer:)

Dang it...