Laws are now passed that prevent you from renting to yourself and claiming all the losses.

(I have read that CA likes to have their cake and eat it too by claiming any part of the chain of money/business no matter how small).2.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

If you go out of your way to jump through all the hoops, all you can claim is 60% of cost segregation benefits.

Both claim they were married to the borrower via Texas’s common law marriage rules.

Who claims she is in contact with private lenders

**Overpromising and Underdelivering:** In my experience, some marketers employed questionable tactics, such as making exaggerated claims and using high-pressure scarcity pitches.

Quote from @Corinne Snyder:Hi Michael, my CPA will not allow me to claim myself as a real estate professional with my one rental single-family home rental property because I do not spend enough hours per year running it, therefore he won't allow any overhead expenses to be claimed; only expenses related to the property directly.  

@Maria JeanetteHere are some of the downsides of putting real estate into a self directed IRA or 401k.No tax deductions: You can’t claim deductions for property taxes, mortgage interest, depreciation, repairs, improvements and other property-related expenses.Property expenses: All expenses, repairs, and maintenance costs must be paid with IRA or 401k funds.

@Nathan Frost uhm, not sure you understand Detroit market.Motion lights & cameras may work half the time at best.Too many insurance claims will get you cancelled and eventually black-balled.But, what do we know after 24 years in the Detroit market...