To qualify, you must meet material participation rules (100+ hours and more than anyone else) so that rental losses can offset active income.

You do not need separate checking accounts for each property if the ownership is the same.

We had a neighborhood meeting last week to discuss the development with nearby property owners.

Please post more details once you meet, and good luck!

When we looked at what his cashflow is currently, and then considered what he would net out of a sale post tax, he decided to keep owning the properties.

Or get work done with a good GC and pick off some subs you meet to do work direct for you.

We helped him with a Couple ground up New construction Rentals and He Can use The two property's as new construction experience but not us, this is what had me perplexed.  

- The property is probably NOT as profitable as you think it is.More reality for you - how are you going to cashflow enough from leveraged rentals to replace your current income?

The InvestRE360 Mastermind will meet on the 29th at noon in Idaho Falls, the East Idaho REIA will be February 19th in Idaho Falls at TitleOne at 5:30pm, and the PokyREIA in Pocatello should be the first Tuesday in February. 

Too many people just bought properties and threw IKEA furniture in them and called it a day.