Wholesaling and flipping is going to be a lot more time consuming and active type of investment where building a portfolio of rentals can be a lot more doable while also working full-time. 

Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other types of income.

I try not to overdo it, but I also don't want to spend 30 minutes typing it fresh when it's literally asked every. single. day.

What made you interested in investing in this type of deal?

Quote from @Philip Jones: Investors which loan products do you prefer for flips?

QuickBooks Self-Employed has a receipt scanner feature and organizes expenses by property or investment type.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

However, if you're looking to gain those insights directly I've fine tuned our checklists and resources to answer those questions for all types of development projects.

@Kobe CarrDallas offers benefits for first-time real estate investors, including a growing economy, diverse property types, affordable suburbs, landlord-friendly laws, and strong rent demand.

What made you interested in investing in this type of deal?