I would be very cautious on the rental property-I am not convinced that rental property will not qualify for the new deduction-borrowing from Hedge Fund land -trader vs investor-it is not defined in the code and as alluded to previously trade or business under 162 goes to case law-in financial services one of the items to determine a trader-which is a better tax position (deductions not subject to AGI 2% limitation)-is regular and continuous activity-lots of trading-turning over portfolio multiple times a yearIn Real Estate World-if someone owns 6 or 7 houses and is always involved-think tenants, busted pipes, collection of rent, evictions when necessary-can you say that does not rise to the level of a trade or business-why is a grocery store any differentI have looked around and I don't see any major commentators saying rental wont qualify unless common ownership (I did see the verbiage in the proposed reg and I think there is a different reason that was put it-something about aggregating rental with non-rental activity)Bottom Line-all I am saying is lets wait and see as comments are submitted to Treasury and not rule anything in or out as far as rental properties are concerned 

Reno seems like a good place to WFH since we have many recreational activities (ski/snowboard/hikes), all the typical shopping/stores (whole foods, trader joes, coscto, 3 big malls) and of course nightlife at the casinos.

Knowing someone could just apply at chase or any of the other million flyers ppl get in the mail, why would he spend his whole weekend at a seminar encouraging those who don't have the money out-right to sign up for a $10k and up education program (income traders)?  

Volitity is good for traders.

When it comes to buying and selling, I am told by many to enter as a "principal" only and not a broker/trader; and start doing business with institutional investors for a variety of reasons: their immense access to capital, experience, and even some coaching along the way.

Thanks @Daniel B Trader just sent you a private messege 

So many people will be out of work--the K-Mart, Trader Joe's, two or three hotels and several restaurants along with several other businesses are leveled.

A bit about me, I'm essentially a day trader in futures, and work graveyard at one of the largest strip properties in Vegas in the tech sector.

I tell people I'm a "day trader" who buys real estate instead of stocks.  

I am also an options trader, it helps me monetize some capital.