You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

The key factor for depreciation is when the asset is placed into service, not necessarily when it was paid for.

Why not invest in Dayton? 

I am doing a lot of reading and research here while working full time and while real estate investing seems like a daunting challenge I am looking forward to getting started. 

I'm thinking of bird dogging in Texas to start out in my real estate investing.

Hi Chris, This would come down to what your blended rate is factoring both your HELOC and 1st Mortgage rate

I invested 40k in a syndication 2.5 years ago.

Hello BP Community,I am trying to decide if I should start a corporation before buying my first investment property.I live in Toronto and am looking to invest in Alberta.

Investment Info:Single-family residence fix & flip investment.

Hi @Tanya MaslachGreat to hear about your interest in multifamily investments and your clear investment goals.