Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?

This is why it is important to have appropriate insurance and even more importantly making sure your actions are not listed under exclusions in coverage. 

Once again, I would read the book ($10) and do my own do diligence before I ever take the advice of anyone in a forum, but I'm definitely getting in, as I see it as a way to provide people who can't or just don't want to deal with the bank for reasons of their own.

@Erich Hatch, I think having a GC provide estimates is difficult.

New investors get way too stuck on LLC setups and the like when they really don't have anything worth taking, and those with loans have partners that provide some buffer anyway - the bank, who's going to end up with the property if anyone sues you successfully enough to get a judgement, which means it will be the rare attorney who even takes the case. 

REITs offer a stock-market-like approach with no management required, while turnkey rental properties provide a fully passive income stream with minimal involvement.

Focusing on duplexes or small multifamily properties can provide potential appreciation and cash flow, even if the property doesn't cash flow immediately.

Take short-term rentals - they do provide several tax benefits, but they are hard to run and very hard to succeed at so people make the mistake of choosing the tax vehicle, get the benefit, and then lose money on the investment and hate it.

I almost exclusively do network marketing and would love to connect and bring you along to different events.