I appreciate the food for thought.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

Despite current unemployment rates maintaining below 5%, the recent rise from 3.8% to 4.2%(recently revised to 4.1%) is significant, especially when considering wage growth adjusted for inflation.Over the last few years, the median household income has dropped by 7.2% when adjusted for inflation (and this isn't even considering volatile food and energy prices), a troubling trend given that inflation has outstripped income growth.

I am building my listing daily and creating a good team.If you are a cash buyer in the Houston area, please feel free to connect with me.If you guys have any advice for a beginner in wholesaling business I am all ears as well.Eboni

There is no such thing as FREE college, FREE food, FREE housing, FREE health care.

I drove past the site daily to get home in Calico Ridge.

Never put an investor on a mailing list where they receive daily emails with every property that's listed within certain price points or zip codes2.

Factors such as competition, food trends, lack of management, ingress etc, can close these stores. 

You can't predict how someone will react to any circumstance.Let me ask you this:Where would you go if you were a hungry lion in the savannas of Africa to find food?

You get what you pay for in all cases: while shopping for food, clothes, attorneys, CPAs, Doctors and Realtors.