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.

At the end of the day we can screen our tenants all we want, but cannot control what people do.  

Hello good people of BiggerPockets.

My current situation is that I always flip with other people’s money.

They do this on purpose so new people get tripped up in the process and quit.

My biggest question when I was researching all the programs was "If these people are so successful at what they do, why are they charging so much for all of this and always trying to upsell?" 

Hi - I am new on this platform - but am looking to help people accomplish financial freedom through real estate. 

Winter always sees fewer people moving, but a lot of people were transitioning for the last 4-5 years.

I have a couple of people that this has happened to, and you need to have it in writing and tied to the property to make it work. 

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.