@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools.

Wholesaling real estate is among the hardest possible ways to start out your professional career. 

Have you already started connecting with any local professionals, or are you still searching?

Readers should seek professional advice. 

Readers should seek professional advice.

I am currently a junior business marketing major with a concentration in professional sales at Samford University.

I highly recommend you reach out to him, he is fast, professional, and does amazing work.If you would like me to make that connection, reach out to me.

Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.

If your friends have a rental they should hire a tax professional.