Chris...The property is paid off...currently sitting empty...with needed minor repairs.Trying to deferr Capital Gains Tax liability until my earned income is lower in retirement.Would this change your mind?

My name is Chris, looking to start getting involved in making some passive income.

Our children are at $100 and $63/month passive income on the homes that will eventually be their first rental properties!

Ultimately, what drives real estate values is supply and demand and the income you can derive from those properties.

I am up 1% YTD for income in the Smokys across 6 properties. 

They can claim business overhead expenses, and they must file 1099s.REPS determines whether the resulting losses can be applied against your W2 income or not.

I didn’t earn significant income until my late 20s, which meant losing nearly a few years of wealth-building potential.

Other distractions include non income-producing activities - aka any distraction pulling you to do something other than speaking with and following up with people.How can I prepare myself?

One seller was indeed making 90k/year in income however-they will never get a true license. 

If it takes all or most of the proceeds from the sale the settle the debt then there would be little to no income.