@John Lee interesting question and as an active duty Marine officer I have some insight into this situation.

@Vincent GarmanHi Vincent, are you still active in investment properties in and around Dover?

@Craig Oram: Hi Craig, it's been a very active market but getting your hands on MF, etc is incredibly competitive and there aren't a ton just hanging around.

It might be time to phase into a different strategy or a different activity within your strategy.Let's say for example in 2008 - 2012-ish it was all about wholesaling, flipping, seller financing SFH.

The BRRRR is my favorite strategy!

You won’t be able to find much online in reference to foreclosure activity.

What is your favorite/best book on wholesaling that deals with direct mail and lists?

(there are other conditions as well, you must actively participate, be at least a 10% owner, etc) If your deduction is not allowed, all is not lost.

Thank you, @Saberian YoungerSounds like good advice for someone starting out.I guess I'm specifically curious about how my wife and I together would file if we are both active in the business.

My CPA has instructed me that the auto expenses (at least the proportion used for rental activities), overhead such as office supplies, software, tax preparation, and other items which occur to operate the rental properties (AS A WHOLE) are expensable on Schedule E relative to the activity (e.g. based on number of units per property) by "cost accounting or cost allocation".