But examine line 21 - $50 in taxable income…great job!

But as soon as your day job annual income exceeds $150,000 that goes away....Is there some box on Schedule E to check that tells the IRS that I am a "real estate professional" which magically undoes the Passive Activity Loss rules? 

We are going to buy a primary again in California, but are we missing any legal opportunities to reduce that tax burden?

Although I have knowledge and experience in my local market, I am most interested in some out-of-state options as I like those opportunities better than what I have locally but know little about where to begin evaluating those markets and the pros and cons of the different states.

I recently hired a guy to replace exterior doors in my primary residence and he completely butchered the job.

Though QB does an okay job of this it just lacks some of the finer details of this we are looking for.

:-D  It is the opportunity cost brotha man.

If you don’t mind, I’d be curious as to your thoughts on the idea that it takes a long time to save up enough simply from a W2 job.

We are in a window where idle capital is an opportunity cost, so seeking interest income until the rates change again makes sense.The best place to start will be with your checkbook IRA provider.  

My job is to make repairs and get the place lease optioned so it is producing income to cover the interest payments I need to make to the lender.