Keep in mind with FHA PMI there is an upfront 1.8xx% that you pay on closing then you also have monthly PMI and it never falls off the loan until you refinance(at above 20% equity).The reason I say refinance after 12 months is 95% of banks require a home to 'season' for 12 months between the initial sale and a refinance in order to take advantage of a higher home value.

Congrats on getting that first house sold for a profit, even if your intention wasn't to flip the house, you were able to gain some real hands on experience and learn the benefits, and pit falls of REI.  

Now it is entirely possible that I am missing something as far as falling prices on stick built construction in certain areas, as I do not know everything.

AND you must maintain adequate reserves to take care of the disasters that may happen.Most of my clients fall into the first group above.

I had some deals fall through due to not moving fast enough while others didn't get past initial negotiations.

Due to my income falling between the $100-$150k, I am curious on how to increase the amount I can write off of the maximum $25k passive loss for active real estate investors (not sure if there is a term for this write off). 

if yes, which category it falls under ?

You can just dive deeper into the C-, D ,F properties until you reach that return, as the rents do not adjust down nearly as quickly as the property values fall in those areas. 

Hey guys, wondering what the locals think will be the impact of this from, here is the article from IBJ:September 6, 2016Hayleigh ColomboCarmel-based for-profit college operator ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses.The company has already eliminated the “vast majority” of its 8,000 employees and canceled the fall academic quarter, which had been scheduled to begin this month, according to a statement released Tuesday morning.ITT Educational operates more than 130 ITT Technical Institute campuses in 38 states.ITT Tech announced a week ago it would stop enrolling students, and an Indianapolis charter school run by the companyhas also shut down.The move follows years of scrutiny by the federal education department over its recruiting methods and students’ educational performance, and recent actions that made itineligible to accept new studentswho relied on student loans.In its statement Tuesday morning, ITT called the federal sanctions “inappropriate and unconstitutional.""

It would have to be falling over significantly, mortar missing, flashing damaged, missing components, and some more just to say it needs a full replacement.I would love to get into the stories I've heard about deal killers lol but it wouldn't do me any favors.