*This is not a solicitation, just a business status.

There is a guru course that is pitching them on buying real estate so they can change their tax status to real estate professionals

Are you utilizing any cost segregation studies/real estate professional status to lower the taxable income?

@Dennis McHugh The IRS typically requires depreciation recapture when you sell a property, regardless of Opportunity Zone status.

Legal ConsiderationsFair Housing Laws: Ensure your reasons for denial comply with the Fair Housing Act, which prohibits discrimination based on race, color, religion, sex, disability, familial status, or national origin.

What is the status of this project?

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Again, not to split hairs, she's exercising her rights that arise because it's his homestead not hers.Generally, a deed is prepared showing the grantor's marital status. 

Unless you or your wife can qualify as real estate professional status and claim passive non-cash losses against your active income.

The others category of investors who succeed are those who identify real estate that can emerge from C/D neighborhood status and use the voucher recipient tenants as the lesser of two evils until the neighborhood can attract better quality tenants.