Federal Tax Benefits: You can claim depreciation deductions and may qualify for credits like Low-Income Housing Tax Credits or New Markets Tax Credits for eligible projects.3.

When a wholesaler makes ridiculous claims they are unlikely to sell that property BUT that doesn't mean the property might not be a good deal at a different price.

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.

Based on their numbers, for the type of property I'm using, they are coming up with positive cashflow of about $300 per month (for the first couple of years) and they are claiming a 3.8yr average tenancy.

The track record of the guru and his claims of success have NOT been verified.  

We haven’t really felt the effects of it yet but I think that is mainly due to the timeframe it takes for them to process claims and emotions from the devastation.

And people who claim $0 investment must not have an electric bill like mine was.

That's exactly what BP members do, try to follow the claims of money made and identify dollars with success and therefore "qualifications".

We have life time losses to uncollectable rent/financing payments to prove we back up this claim.   

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.