By the way, my doughter's name is REI meaning beautiful in Japanese.. totally accidently it also means my favorite thing in English lolThank you,Aya

Given that, how can I take advantage from a tax perspective of losses on passive activity from owning rental properties?

@Maxton JohnsonIt really depends on what real estate activity you are trying to be involved in.It also depends on what your goals are.It is true that for a NY LLC to be established that it needs to have its information placed in 2 ads for 6 weeks.

Since you'd prefer to be MLS only vs. an active realtor your broker might require some compensation too.

Two of my favorite posts on bigger pockets are the Jscotts new construction diary and the pop top.

I actively invest and sell real estate in Pensacola and I think it’s a great town for buy and hold.  

Have them make the premium payments to you and you keep the policy active.

Local banks are generally more useful once you have to many active mortgages to get a loan from a major bank.

Sometimes in markets that are that active, you may want to offer close to asking, if you think it is fair.

These two are my favorite but there are others that I attend that are worth while.