W-2 income, but it’s subject to passive activity loss limitations.

Living in it for a year and then renting it out could be a smart move to build equity and gain rental experience without the major rehab headaches.

Great cash flow every month that contributes to our passive income portfolio.

The k1 is passive income to you taxed at the favorable capital gains rate.

If you do the work before the property becomes a rental, it won’t be deductible but can increase your cost basis for capital gains tax.

if this was a rental property the gain on the property is whatever you sold it for minus your purchase price (broadly speaking)… there’re are various expenses you count against both your basis (purchase price)  and against your gain from the sale.  

With his involvement, it seems like Shreveport is gaining momentum and attracting new investments.1.

Long term goal of creating passive income and building value with others whenever possible .

Most Hard money lenders are going to require 20% of cost so if you have that plus reserves then that is by far the best bet.If this Is for real and they are not just trying to get a thousand bird dogs to pay them a 795 up front fee for their inspector they probably pay 100 bucks to drive out and look at and fund very few deals ( like many mortgage scams) .. then these can be pretty nice set ups for you to gain experience and build your resume'I would also hit Mark off line he is a very experienced licensed Broker in that area and one who knows the investor side of the coin

Not Passive.