So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.  

I come from a decade of experience in sales, with a client base and network grounded in entrepeneurs, and executive/partners on Bay St (Canada's Wall St).

Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.

  :) Here are the local gatherings:MonthlyThe biggest event is the Augusta REIA (the second Thursday of each month) https://www.facebook.com/reiaofaugustaAnd the second biggest is the Bigger Pockets Meet up the 4thFriday of each month - https://www.eventbrite.com/o/christopher-oyenuga-53272302923There’s also Fit Investors Walk the 1st Saturday of each month at Savannah River Rapids https://www.facebook.com/groups/551851979899690Cashflow (the game based on Rich Dad, Poor Dad) the last Saturday of the month at 8:50am - 909 Walker St (The Auben Realty office)Weekly:Tuesdays: 8:30am, Ubora - 1128 Jones St, Augusta, GA 30901Thursdays: 6:30am, Sunrise Grill - 3830 Washington Rd #10, Augusta, GA 30907Thursdays: 4:30pm – Sole - 1033 Broad St, Augusta, GA 30901Friday: 11:55am – BBQ Barn - 10298 Atomic Rd, North Augusta, SC 29841If you have any questions or if there's something I can help with, just let me know. :)

I'm based out of Raleigh and personally own rental properties in Fayetteville, Benson and Clayton and could offer some friendly advice and help out with your journey. 

Really is no program as its all experience based.

Based upon this fact pattern, do we qualify for Real Estate Professional status?

I am based in Chicago but also looking at Indiana and Ohio markets since I am starting off, don't have as much capital available and those markets tend to be a bit cheaper.

This will give you the base knowledge of rehab costs, ARV, and overall knowledge of the flip process (invaluable knowledge).

Usually they are city or region based in your state.