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.

Delays only create bigger problems.3.Start simple—cash flow is king.

I just did a 2/1 making a 1/1 making it a 3/2, official description of the permit was renamed by the plan checker to "Proposed remodel of existing SFD to create one bedroom and one bathroom.

We had to replace 90% of the electrical, created an open concept, primarily all new drywall, new boiler, new roof, etc.

Cost segregation makes the most sense for investors with high active income, long-term rental plans, and the ability to claim immediate deductions, but this can vary by company.This post does not create a CPA-Client relationship.

.- Tenants will have the option to create an account and login into a portal to pay rent or view payment history, but this is not required. 

If funding is the priority, using a HELOC while keeping the property in your name offers flexibility.This post does not create a CPA-Client relationship.

I just created my account and was about to post my introductory message, but automatically got banned as soon as I posted it.Can you please unban me?

You are much more equipped to create a win win for you and the seller. 

If a situation arises where landlord and tenant end up suing each other or both being named in a lawsuit, and we're on the same insurance policy together, that seems to create more problems than it solves.