Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

When I was 22 I had to move from my home town to Las Vegas in pursuit of HVAC trade school.

Based on the information that you shared, if you haven’t already done so, I recommend connecting with a local expert.

Flipping is more than likely to be considered trade or business.2) Rentals: Rentals are not considered trade or business for this purpose, so initial inventory costs cannot be deducted as travel expenses.

Here's an example why:- One of our people made a mistake last year, and entered an expense of $1500 instead of $150 - they accidently typed an extra "0". - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

Say that $500k is invested in a new trade or business - now it is business interest expense. 

People doing crazy stuff lately.

There are numerous reasons why people want to be wealthy.

Making connections with nearby real estate experts might yield insightful information and beneficial chances.

@Kris L.I would connect with @Josh Green, I would not be surprised if he dealt with a transaction in your neighborhood and he is a local expert on all fronts.