There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

This is the same type of personality to gaslight you when you don't agree with their view on a deal or something goes awry, gatekeep you from information and deals, and become a resistance force in actually becoming a REI. 

The TL does not have any personal information about those leads, except the fact that I have been talking to them.- The TL states that those are technically the team's leads and I will owe the 20% if they convert within the year since I was given training (which I was not), lender referal (which was forced on me by the TL even though I work with my own lenders for my clients).Is the above statement true/legal/valid?

LOVE offering my Airbnb guests amenities like a pool, spa, sauna, laundry, picnic area, etc; without having to personally maintain those items.3.

-Outlines what is considered damage to linens and other personal property (ie., stains, etc)-MTR we are flexible on the lease end date and will prorate last month's rent. 

Some amenities are crucial and obvious (pots and pans, plates, linens, good Wi-Fi), some are unnecessary and obviously so (personal movie theater with arcade game room), but the trickier amenities lie in the 2 middle zones.What are some necessary amenities that you might overlook? 

How does the transaction work between me personally and my holding company LLC?

If possible, visit some of them in person.

Geez, there’s so much opinion, emotions, beliefs, and personal experience in this thread.  

If you want to go in person, just search in Stamford and you will find one.