It’s only through investment of capital for marketing, software systems, lead generation, call centers, attorney drawn contracts, title searches, etc. can someone establish a VIABLE business.  

Most professional tax software programs have an option to specify that rental income is non-passive, and that will cause the Schedule E tax loss for that activity to bypass form 8582. 

I moved from abroad to USA 2 months ago (from Poland, originally I'm from Belarus) and now living in Miami, FL, having my greed card.I have no real estate background, my carrer abroad was focused on IT sales, such as software and hardware products & services.

When part of your training cost is software that you will be using for your deals - is it education or an asset that will be placed in service once you start using it?

If I knew how to design a software, I would be all over this!

I have used Transunion smart move before we switched to professional software a few years ago.

Hi- I’m looking to get an app or software to management multiple midterm rental properties.

And then again, use a free skiptracing softwares to get their number.

Bookkeeping software would likely note that a transaction took place, and maybe it would be able to categorize it correctly, but maybe not.

I would just add that you need to use some software (excel, wave) to keep track of your income and expenses.