You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

This is an additional step that would not be present for developing a lot where you are adding value.  

Additionally, I’m a licensed realtor in Pennsylvania, which has allowed me to expand my expertise and build a solid foundation in both investment strategies and the local market.I’m eager to connect with fellow investors, share insights, and learn from this amazing community.

Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

But if you do a bit everyday consistently you will reap the benefits of this great investment!

I'm with you that sidewalk slip and fall litigation may be less likely in the Midwest than say Mid Atlantic which tends to have more litigious cities but dismissing premises liability issues can come back to bite an investor and when these properties have such razor thin margins that an investor must consider the cost benefit analysis of safety against ROI, there is a real estate issue and is usually a losing proposition.   

From there once a deal makes sense, pull the trigger, a lot of folks get stuck in analysis paralysis and I’m not saying don’t do your due diligence or be smart about it, but acting quickly and with intention will benefit you greatly in the long run.

Most of us get paid a percentage of the rent so a reduction is not benefitting them financially.

That part is as advertised.The Not-So-GoodIt’s Expensive—Like, Really Expensive.First-month rent is entirely theirs whenever a new lease is signed.15% repair management fee on top of already high maintenance and repair costs.No late fee benefit for owners—any late fees go to REI Nation employees as an “incentive” for chasing payments.

I don't have a lot of experience, but I do have the ability to exchange my time, so that could be a form a currency that benefits them.