Just in case anyone is wondering I am pursuing the REO referral program I had mentioned.

Real estate, by default, is passive and the primary way to avoid the passive loss rules is to qualify as a real estate professional.Full-time employees and non-real estate business owners cannot qualify as a real estate professional (aka REPS status) because one of the tests is to spend more time in real estate than anything else (and it’s unlikely that you can convince the IRS or Tax Court that you spent more time in RE than your day job).

I’ve asked my CPA to walk me through any NOL carryforward and just in general how the carryforward losses were calculated as well.

I attended one of Kris' free webinars and even got on a call with one of his reps.

I just asked a title rep in the area and she says they wont handle a close even as a transaction coordinator unless they write a policy for it which they cant do on a manufactured home on a rented lot.

Obviously this range can vary, but "bad" to me is a sponsor bringing home $2.5M - $10M+ per year just in acquisition fees. 

So there is that rep out there. 

Hey @Justin Skelly!

You cannot afford to waste time.Just make sure your numbers are accurate otherwise you can create a bad rep among real investors. 

You still need REPS to take advantage.