It's not going to play out exactly like you hopedIf you have that mindset, not only will you have realistic expectations, but you'll create success over the long term.

Here’s the winning formula successful local house buyers and wholesalers use to connect with sellers, close deals, and create win-win solutions:Be Relentless: Show up every day with positivity and persistence.

I have created a discord chat for any current or former LYL VIP members to sync up.

The problem this creates is that of expectation.

Also, here's a great article that describes the REPS status:https://www.aicpa-cima.com/resources/article/tax-rules-for-r...And another for the passive activity loss limitation that other mentioned:https://www.irs.gov/publications/p925

The rule of thumb for me used to be that the property needs to be able to do 20% of the purchase price in gross rental income.

Quote from @Red Smith: Sheriff Sales are conducted by counties, so each county will have its own individual rule set for how the auction is conducted.

Have realistic expectations and create a buffer for unexpected costs.

I'm looking to create a slight shift in my lifestyle, where I can ease up a bit on practicing and supplement my income with more passive revenue streams.

So first rule out intentional wasting of water .