But it is in direct corelation with the other number mentioned.

With technology and information available these days, I invest anywhere in the U.S, in commercial as well as residential, and in direct ownership as well as Passive investments.

Even as a hopefully soon to be CPA myself (just waiting for my application to be processed with all the COVID related issues), I was surprised how many great strategies they mentioned that I have never thought about.They also mentioned some indirect expenses that we have deducted for clients in the past on Schedule C, but would not of thought to deduct in a passive activity, like mileage to REIA meetings, cost of educational books/courses, and travel to real estate conferences.If you were an individual taxpayer that reported your rental income from multiple properties on Schedule E, how would you allocate these possibly deductible indirect expenses among your rental properties?

@John Thedford  I always wondered how a letter that spelled out the subtrifuge in direct mail marketing would fly.IE:Something like this.High  Home owner  ( it could go two ways one with those that actually have ability to close and those that are just acting as real estate brokers  IE a wholesaler who only wants to assign)ANy wayAs a high equity or absentee landlord in this area you going to get a lot of direct mail from those wishing to buy your home.. keep in mind many to most have no ability to do it.. they are simply acting as unlicensed real estate brokers they want to tie up your property and try to flip you contract for a fee.to enable them to do that they have to get a REALLY good price on it.. far below market value. its customary for these letters to have all sorts of different methods as in fake handwriting.. to little letters that looked like a 4th grader wrote them.. some will go on about how they just want to help.. ( if your in foreclosure most will say they were there before and just want to help)So to be brutally honest  I am a buyer ..

No doubt the competition is strong in direct mail to private note holders! 

Make sure to have the property evaluated by someone who understands fire damage (and who doesn't do work directly or indirectly for insurance companies). 

Show them how the ROI is in direct relation to the amount of money put into the deal. 

The final count depends upon a number of other land use factors, some of which have no direct bearing on TDR, but do affect it indirectly. 

By trying to avoid the competition risk, you're considering going into a deal in which that risk is (indirectly) even bigger and your price tag will be much higher.Yes, properties by the beach have a higher intrinsic value so you could expect higher capital gains.

I took it a step further and looked for those who have previously worked with the syndicator directly or indirectly.