I'd suggest when yoy talk to your attorney about forming the LLC that you include, specifically all kinds of activities in your Operating Agreement and Certificate of Incorporation and not rely on that catch all description of doing all things.

I have not been very active on the Bigger Pockets Forums lately due to some personal experiences.

There are a couple of groups for people in Vegas, but they aren't very active.

I suggest you crunch some numbers and if reducing principal is your best use of funds with such low current rates (unlikely if you're an active investor) I suggest yo always take the longer amoritization and make additional payments to the mortgage.

As a passive investor with active participation you are allowed to take up to a 25K loss against ordinary income.

My time was limited but still make the effort to be as active as possible.

I became active in public hosuing and section 8 by the mayor appointing me as commissioner of a large public housing agency, having to manage the folks who manage the programs and owned housing units.

I know this subject has been discussed numerous times in various threads on BP, but I'm going to bring it up again.I am looking for feedback from anyone that has gone from investing and managing their own properties as an after-work activity to doing it full time.

As a active foreign buyer I can't stress that enough.

Thanks Josh....You can call them and stop further activities.