When I say that I’m looking in B-class areas, that is still based on my rather rough understanding of the subject and lists I’ve found from others attempting to classify neighborhoods in our area.  

After driving around, talking with a lot of people and starting my extensive due diligence process, I find these are pretty popular and tend to have minimal to no vacancy -They're classified as mobile home parks but are essentially POD units on small lots.

Answer: Rental activity is classified by the IRS as a "passive activity" even if you materially participated in that activity, so passive losses are limited by passive gains, unless you escape the passive-loss classification by materially participated as a real estate professional.

They simply place a small classified ad that reads "Looking for buyers to purchase homes at 50-70% of true value"I have picked up endless buyers with this ad though "Free List of 45 foreclosed/distressed homes" call or visit www.$$$.com.

when it's cold, like now, deals are plentiful, but take longer to flip.bandit signs, direct mail postcards, online classifieds, newspaper classifieds, bird dogs, flyers, business card referrals (offer cash), neighborhood farming, etc, etc will all bring you leads.

@Amy E. again, pulling your money out will not affect your tax position, regardless of whether you try to classify it as "return of capital" vs.

These are the Classifieds, dealmaking, and non-real estate forums.

Would you still classify the multifamily market in the area overpriced?

My LLC is classified under real estate/property development.  

The mortgage guy I’m working with said that short term rental income classifies as $0 income for Debt to Income ratio which doesn’t make any sense to me...