If you want to attempt to rep yourself, you have to play the game too.

W-2, 1099, etc.) with passive income/loss from rentals is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Once you have clarity on whether or not you can offset non-passive income with rental losses you can then explore cost seg to accelerate depreciation (and some of the accelerated depreciation from cost seg will impact year 1)...

Make sure to have thorough inspections done and factor in extra reserves just in case.

There has been a lot of turnover in the featured agent program and I agree, the lack of responsiveness to us (the paying customers) and inability to reach an account rep directly, could use some serious improvement. 

Hi all,Was just in Michigan for an extended stay and was wondering if anyone had any thoughts on the Detroit and the surrounding cities for possible long-term rentals or flips?

This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

@Justin SmithNo, you do not have to provide a notice if you are not entering units.

Only “off” thing that happened was an email to our insurance rep asking to be placed as the first and only mortgagee - which I caught and they quickly apologized for and corrected.

I had a call with the sales rep from the company yesterday (Jan 2024).

I initially planned on doing month to month lease for incoming tenants just in case I need to let them go if they end up not being the right fit.