This information will help me understand this business better.

It depends on the syndicate and your personal preference.You don't need an LLC to write-off legit business-related real estate expenses.Based on what you said, I'm going to assume that you aren't the person responsible for coordinating and filing the taxes for the syndicate.

With a diverse background that spans over 14 years in business ownership, sales, marketing, media, and business development, I'm eager to bring my skills and experience into the BiggerPockets community.Before diving into real estate, I spent 16 years in IT with the federal government, and I'm also a proud Air Force wartime veteran.

The visionary is full of ideas, has a high level of vision where he or she wants the business to go, maybe sometime loses track of the practical nuts and bolts, and is perhaps not very detailed oriented.The integrator makes it all work.

You're right, summers are beautiful there and plenty of people travel there for fall as well.

However, we’re unsure of the implications, especially when it comes to writing off our W-2 income through business expenses.

None of these people would need the money back in less than 5 years. 

I always hear all the stories of people scaling fast.

This is a great place to learn and to connect with people so take advantage of all the great resources.

The thing people aren't talking about is that it is up to the buyers sole discretion on what house they want to purchase, who they want to help them accomplish that purchase and if they are willing or able to compensate a buyers agent in the unlikely event the seller is not offering cooperative compensation to the buyers agent.