If you are subject to the passive loss rules because you make over $100k and you do not spend more time in real estate than in any other active profession, then there is no need to accelerate.

I'm 39 and work in the financial profession managing investment portfolios for wealthy individuals, trusts, pensions, etc.For quite a while, I have been interested in purchasing multi-unit properties for long-term hold.

Question... are there still any areas of the site that are a free exchange of ideas and help.... or do i now need to start paying to chat with other in my profession...

And, another 10% is from commission income since I'm a broker as well.I can't imagine having any other profession and intend to keep this up for a long time!

How do you think simplifying the tax code would effect the economy in relation to the professions dependent on it being complicated right now?

I recommend consulting a qualified profession before acting.

Its almost comical and speaks disrespect of our profession as investors.

When the time comes for you to start investing, you'll be so much more ahead of the other guys as you will have a trump card - a good profession to fall back on.

I grew up on Oahu and left approx. 7 yrs ago to pursue a higher education and ended up not returning due to the high cost of living and poor job market for my profession.

It's so much easier to learn your profession when you're guided by others with a lot more experience than you.