I made some elections about grouping by not grouping as I expanded and didn't understand the consequences (making material participation easier/when passive losses can be harvested/ease of filing) of that at the time.Also random question but do you have a sister Nicole?

I am impressed with his podcast and I know of one successful investor in my area who has participated in the course.Hopeful that we can get some responses here.

An interesting twist to your great information, is an actual legal case I participated in.

I know of a couple of specific very trustworthy operators/funds that are paying between 8-12% preferred returns with participation in potential appreciation.

Attempting to gauge participation in the member loan for the Austin 4-pack managed by RevisionMasters.

My hopes are that continued use of BP and participation with Lifestyles Unlimited will greatly accelerate my efforts.

You do not need to check in with the staffers at the podium to participate in the auction.How does the auction work?

You can use up to $25k a year of those passive activity losses if you are actively participating in your real estate ventures ("small landlord" exception) and income stays under $100k a year.So yes it can be useful if someone happens to fall under these circumstances, but for anyone who is going to have over $100k a year of retirement / other sourced income, they may be out of luck.It's all timing - you are just using up those PAL earlier than if you waited for the rentals to start producing taxable income (they normally do if it is a good investment), or a property is sold and PAL are released to offset that income. 

It is the opposite of active income, which is income received from a job or business venture that requires active participation.

Plus they are making it more expensive to participate.