@Ray SlackBenefit of REPS: deducting rental losses against ordinary income - correctDrawback of REPS: self-employment tax - incorrect, no SE tax on rentals, no matter whatBeing v "not being" REPS - incorrect, it's not a choice, you have to qualify to be eligible to claim itNo loss without mortgages - not necessarily, you may be able to generate large losses via cost segregation and accelerated depreciation

Another benefit of this, is if you hold it for over 1 year, I believe it will change your profit to long term capital gains, instead of ordinary income, which is what I believe you are taxed on for a regular flip.

FLIPS are active jobs with ordinary income and I'm not sure if the RE pro status is something eligible to flippers unless they also own rental properties.

Also, 401k disbursements on the back end are taxed at ordinary income rates.  

Cool but I remembered reading some reviews where they get you at closing with hidden fees, so when they sent the closing disclosure I scrutinised it and found nothing out of the ordinary just the usuals...

This market has over 40,000 units on STR programs, there is no room to be average or ordinary. 

They're real searched them up in Sunbiz nothing out of the ordinary all the addresses match...It just seems really weird that you have 59 Google reviews and no Facebook page or mention in a real estate forum..

@Cole Britting that one is a little different. 

Originally posted by @Patrick Crehan:@Brit HaleI am in Cincinnati.. the market here is fairly forgiving.

(I actually wont touch properties this cheap at all since I lose money on them)Nothing else looks out of the ordinary.