As for my bank, there is a possibility they will want us to pay back a portion and that is why I am waiting for it to go through before I put all my money to use.

Insurance companies are now raising their rates due to the healthcare bill, when barry said it would lower costs. not to mention the large portion of money we spent on top of the increased premiums.

@Bill Gulley -I don't know about this REIA specifically, but some groups take care of all or a portion of the travel expenses for guests including hosting them at restaurants for some meals.

You can treat it as a rental expense to the extent it is not the owner unit portion (check with the tax guy but I am pretty sure that's how it works).

I think as long as your management fee is at market rates you are monetizing the "headache" portion of your business.

In fact, I think bird-dogging is closer to wholesaling than is flipping.Bird-dogging is when you do the locating portion of what a Realtor does.

Many of the real estate investments books out there talk about how awesome the depreciation tax benefit is by owning real estate, but rarely do they emphasize the depreciation recapture portion when you sell your real estate.

Reading all these details for your special advantage could have a major impact in your special case.You could also buy 1031 DST with ZC DST only to replace the debt portion, so when you purchase a replacement, you use  100% cash. 

If you're looking to be passive then maybe a portion of your funds should be allocated to a DST but only you know what you're comfortable with.

You will just be taxed on whatever portion you choose to retain and not roll over into a new property.