You likely did some tax write offs since it is a rental.

Or they have jobs that won't allow them to commit the time.Therefore, partners who write checks into real estate deals cannot use the wonderful passive losses created to offset their ordinary income from their job or business.But what if I told you there might be a way to use leverage and depreciation even if you aren't a pro?

@Collin Schwartz Amazing write-up.

Just consider the rent you saved buying the place as part of the profit plus any/all the write offs you’ve had for 3 years. 

You create LLC for asset protection and has nothing to do for writing off expenses.

I want to point out that I’ve noticed his tone in emails can come across as demanding or even a bit rude.For examplez: I see how he writes to the group—always polite and full of "thank you"s—but when addressing me, the tone feels far more demanding.Would it be okay to respond with something like this?"

In addition, somebody else is paying off your mortgage and the property can be a good tax write-off (consult with a professional).

I will continue to tweak my plans and eventually find a nice niche that fits my investing style.   

Screen team members for referrals, communication style, and technology comfort.Good luck!

So, it matters to also have a life style fit.