I personally  have a couple of 10.5 interest loans on properties that I am not paying off early, because I am earning so much more by being an active investor and I getting a lot better that 10.5% . 

Once you think there is no law pertaining to the activity then the work begins this is a belly to belly business your not going to do this on E mail and text messaging .. you will need to be able to sit down with these folks or it will never happen.

In your scenario, claiming that $117k depreciation deduction could lower your taxable income from $700k to $583k, which is a huge benefit in the short term.As for the RE pro status, if one of you becomes a full-time real estate professional, you can potentially offset active income (like W2) with passive losses from real estate. 

That way you know they are active in the BP community!

Padsplit may also be an option if you want to be a little less active in managing. 

Is there a way to reduce the amount of hours so you have more time for other activities?

I've been in the investment space almost 9 years now, and been actively investing in flips myself, the last year.

Beware syndicators active on social media.

Beautiful weather, outdoor activities, and a vibrant culture add an extra layer of appeal for both residents and investors.But Florida isn't a one-size-fits-all market.

I'd love to connect - I'm licensed in AL and actively work with Foreign Nationals, I am working a portfolio deal right now for someone who also lives in Israel.