https://www.bing.com/videos/se...

Seeing 3-5 on small commercial multifamily, SE Michigan, with 5 proving itself a red flag in one way or another every time I dig deeper.

I think it just feels bad since we're coming off historic lows and got used to crazy low rates. https://fred.stlouisfed.org/se...

First question, I know two people with flipping crews, one has completed over 100 houses in SE Mich in the last 3 years, and they both tell me they never use services like yours to find inventory.

At least in Los Angeles or SE Michigan.

Thing is though I'm looking in Los Angeles and SE Michigan.

I was with one a few months ago in BALT city and went in on two presentations he made he came out with signed contracts both times.. this is how competitive it is on the market place especially with wholesalers  those dudes know you need to ink the deal on the spot.So I know agents these days dont carry contracts per se as they want to use MLS forms in docusign ( which I love personally) But nothing is stopping you from buying a standard contract at Office depot and bringing it with you next time.. you meet an off the market seller.

Option 2 isn't bad per se but "Generational Wealth Planning" as the lead in might not be as enticing for readers since most people tend to put off things like estate planning.

Aka I don’t have much desire to buy something SE of town since my long term plans are to be northwest of Columbus.

It's likely passive though because rental activities are per se passive under 469 except for real estate professionals who meet the material participation requirements, or it is another exception available.Those business expenses are probably lumped in with other amounts on box 2 of the K-1 as net rental income/loss.I don't understand the pre-tax expense benefit, I would be more concerned with whether or not it even enters the income tax calculation or is suspended at the partnership level.