I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I sell.My losses from my rental properties (LLC #A) largely offset any federal and state taxes from my brokerage business (LLC #B).

What are your thoughts.We currently have multiple loans for our 19 single family homes.

And even worse from out of city or state.My advice, do 1.

Remember, not every single decision in your life has to make financial sense.

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

Even though we lost money, I'm glad to be done with them. 

When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

If so, you may be able to wholesale the property to someone (perhaps even someone in one of those $400,000 houses) in such a way that you and your grandmother come out whole.

The good news for crypto is even criminals think it has value now😀. 

May even do a JV, so I could bolster up and expand quicker.