@Jack B.Three scenarios: 1) If you reinvest- yes it is traced to that activity and deducted2) if you use it for personal use - non-deductible3) if you hold on to it on your LLC account/ books, but dont reinvest - it can be argued that you are holding on to that money for future repairs and stuff and you refinanced/mortgaged because the interest rate was super low compared to what coming in the future.

My partner, @Brandon Abbott, and I are actively seeking large 100+ multifamily properties in the Raleigh-Durham market.

There are lot's of other Boston BP Members that I'd love to connect with as well, and there is no better way than to get active in the forums.

It depends on if IRS considers you an investor or trader. they look at different factors, I pulled court cases where they looked at these:(1) the taxpayer's investment intent; (2) the nature of the income to be derived from the activity; and (3) the frequency, extent, and regularity of the taxpayer's securities transactions (Kay; Mayer; and Moller)  A taxpayer is a securities trader only when both of the following are true: (1) the taxpayer's trading activity is substantial; and (2) the taxpayer seeks to profit from short-term swings in the daily market movement, rather than to profit from the long-term holding of investments. 

@Jonathan RobertsWelcome - There's quite an active group from cheyenne here.

May I ask if you have been actively practicing?

Of course he trespassed on my property to assess the tree, and the assessment is questionable IMO.I've since sold the property.

@Seth Teel, broker/owner of Somos Real is a top contributor here on BP and very active investor here in San Antonio. 

A condo is similar to a house but with a lot less control over the investment:The HOA can hit you with "special assessment" fees whenever they want to make a large repair, hurting your cash flow. 

In my opinion, the best use of your time would be talking with investor-friendly agents and commercial brokers, explaining your criteria and actively following up with them.