Hello Biggerpockets,

I'm Kevin and I've recently gotten really intrigued by the wealth growing power of real estate. I've been reading 3-4 books a week in my spare time to learn as much as I could about the business....

I know a few counties in SE FL where the going rate is $8k - 30k depending on location.

@Bryan Otteson- by the way i am not a 'wholesaler' per se. bigger pockets labeled me as such. i tried to changed and could not. i have to request a change and go thru a few a steps to get it changes and i haven't  done it yet.  

@Eric Kump I am a wholesaler in the S/E valley.

There's no problem with it per se, as long as it cash flows really well, that's good enough.

Debt CAN be bad, but it is not per se bad.

I would get with the local REIA and se if they are doing anything to fight this and then join efforts with them.

That said, if you can find a position where there is no ceiling per se, then you can still achieve good income however you are going to have to produce good volume.Now, all that said, it is not too different for RE agents.  

BP will be a great resource for you as there are many active members based in SE WI.  

I am looking to take advantage of cost seg for a  2 unit MF property - which has tenants for long term rental  (let's call this property A)I know that in order to take advantage of cost segregation, there are no specific "status qualifications" per se, but certain conditions and considerations should be met such as 1) having a real estate prof status (i.e., spending more than 50% of working time & 750hrs pr yr in RE business) or 2) short-term rental status, rentals with a duration of less than 30 dys)I do not qualify with a RE prof status, but I will be acquiring another property with the purpose of having it for short term rentals (property B), please note that this property is outside of the U.S., so my question is: I don't qualify as a RE professional status, but can I use the acquisition of the short term/property B as my "short term rental tax loophole" for the purpose of the cost seg on property A?