I lived in the Central Valley for a while a couple years ago and as a native New Englander was shocked when I moved there that not every part of CA is far left liberal; just in the major cities.

Limited partners usually cannot coattail REP status.

The broker will split it up among his/her leasing agent and the tenant's rep. 

In today's world you have to use risk to get a head and risk is another word for equity and credit.It takes Money to make Money - and credit and equity are money just in different forms if used correctly.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

I would personally invest in real estate and use depreciation to offset income.I would either be a real estate professional or have my wife qualify for REPS so the depreciation could be used to offset the bonus. 

When you are new as an investor, you also don't want to work with a new agent (you).Overall, I think a RE license is good for access (to homes to get reps and to the MLS) and I think the course itself is way more valuable for investors than agents (most just stay in residential and don't need to use all the weird stuff you learn).

My customer service rep is a flipper and I love that because he knows why I want to do what I want to do and can discuss the approaches with knowledge.So far, the experience has been positive.

Justin Long (the STR landlord) didn't do so hot in that movie lol.Been doing mine for 2.5 years. 

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.