To build and diversify, I’d recommend starting small—maybe a duplex or triplex—to get a feel for managing property.

Cash from previous BRRRR How did you add value to the deal?

Rob,I'm in a similar situation with entitled land but in the hospitality sector here in Livermore, CA.

Is this the best play here?

Purchase price: $450,000 Purchased property out of foreclosure, had problems with holder over tenant, but has been resolved, will rehab property to rent at FMV What made you interested in investing in this type of deal?

@Scott GorhamSome of the strategies for buying a property if the original mortgage stays in the seller's name would be subject-to or a wraparound mortgage.

It's awesome to see you have some rentals under your belt. 

Commercial loan How did you add value to the deal?

You forgot to put your location in your profile.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.