You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

You're already half way there by asking people what they want to hear.

Common problem, no easy answer:(We try to allow our owner clients to arrange their own maintenance, but have learned the hard way there MUST be limitations:1) They can't hire our people!

My mission is to have people use creative financing  safely, ethically, and legally.

I recently listened to their interview with The Real Estate Guys Radio Show and it's great to have a forum like here where we can hear from people's own experiences.

I have had people asking me about burning out @Byron Umana, but I just don't.

why do people pay $20m cash for a manhattan condo?

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

This simple act of understanding can make or break the deal.Patience Pays: Results-driven but people-focused.