We have more people than I can count doing behind the scenes work to make it all run, hundreds upon hundreds of people and vendors.

I believe if people make money and there is sufficient housing supply, housing will become affordable. 

I don't often see people talk about it very much on here at all.

Quote from @Gladys Cepeda: Quote from @Peter Smith: @Caleb Rehg I have been active in student housing for 20 years.

Seems to me cohesive set of laws and rules regarding this activity would benefit  both the public and those that want to engage in the activity.  

Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

@Jessica Seppo,Many people take the cost of an LLC and funnel it towards more insurance and an umbrella policy.

but careful planning and documentation are essential""...making sure that your wife understands what she needs to do to document her hours and activities."

Anyone know of people that got audited for being a RE prof and what happened?