Robert G AllenWhile the vast majority of sellers are inflexible in their prices and terms, a small percentage of sellers are highly motivated to sell.Robert G AllenThere’s no better feeling in the world than to help someone and, in the process, to help yourself.Robert G AllenI find the resistance to creative financing to be largely a matter of ignorance and not philosophy… They simply don’t know how to do it, and therefore they claim that it can’t be done.Robert G AllenGentle persuasion is better than force.Robert G AllenThe stronger the tactics, the greater the resistance.Robert G AllenThe quickest way to lessen the resistance is to develop rapport.Robert G AllenFriends help friends get ahead.Robert G AllenYou need to be buying when the sheep are selling and selling when the sheep are buying.Robert G AllenMost people live their lives unaware of the incredible opportunities that exist all around them.Robert G AllenIntellectual property is the real wealth of the new millennium.Robert G AllenYou are one classified ad away from a fortune.Robert G AllenIt is my firm belief that everyone – including you – has at least one good book in them.Robert G AllenOne mediocre idea with some good marketing power can generate a lifetime stream of cash.Robert G AllenEvery economic cycle brings a renewed feeding frenzy in real estate.Robert G AllenSometimes there is more money in selling bait to other fishermen than to go fishing yourself.Robert G AllenMan must chase ten rabbits in order to catch three.Robert G AllenStructure your life to live like a millionaire but be a pauper on paper.

Last I heard, it was illegal to form a group for the purpose to buy insurance, now that we have changes, no idea, call your SIC. :)

Some of the neighborhoods we classify as "C" and great cash flow they will not lend in.

That's the problem I have found with classified (as you mentioned).....every investor in town uses them.

Additionally, the IRS did not provide an exception for those it classifies as real estate professionals.There is one carve-out, and it is for self-rentals. 

So, does that mean that rental income will be classified as ordinary income too (vs investment income which is taxed at a lower rate)?

@Don KonipolI would classify myself as active/moderately passive: Two performing 2nd position notes in West Linn and Portland OR. flips with cash and self-directed IRA and a 2nd position 67-pad RV park stabilization project in Vancouver WA.

Since only a section of the sewer line was replaced, is this considered a repair, or would it be classified as CapEx?

To use the $2,500.00 threshold you have to use not only the CAP, but also have an SRA which sounds a lot like a Cost Segregation Study, which isn't something I can probably afford right now (maybe ever).The only thing I've bought this year that could be classified an asset is a 5 year old Brother All-In-One printer that I bought from someone for business use, for $60.  

You will want to keep the properties classified separately as you are able to deduct expenses incurred for a rental that won't be available to be deducted as a second home.