Okay I know I asked a different question earlier but I have another one considering anther situation.

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.

So you are already paying tax on the income.LLC taxed as an S Corp would be different, but I doubt that is your case.

I don't buy from assignors for two main reasons...liability and fictitious numbers. 

Because looking at the T12 from a 100 units will be different from 20 units will be different from 5 units in some of the line items (account names).

While Taking the time to learn the different knowledge skills needed to be successful.  

Big difference.

Remember, successful asset management is the difference-maker in real estate investing.Two properties could look identical, but how they are managed is the real game-changer

Being the number one client for your commercial broker makes a world of difference.

If heat goes out in the winter we drop off several units, so they can be placed in different parts of the house - including every room with water like kitchen and bathrooms.We also have dehumidifiers, carpet blowers, shop vacs, puddle-sucker pumps, extra hoses, extra sump pumps with battery pack, squeegees, and portable AC units ready to deploy.