Every turnover will cost you money due to vacancy, Plus you run the risk of additional losses from unpaid rent, cleaning, and repairs.

Flipping can be feasible in one area for years and be a total bust the next year when every project comes in at a loss.

The W-2 income does not limit your deductions.You are entitled to write-off as much as you want.The next question is, is the overall loss considered passive?

Wholesaling is NOT investing.Wholesaling is a business.Wholesaling requires you to continuelly get new leads, sell contracts to buyers, repeat.Once you stop getting leads or finding buyers, there is no more money coming in.Sure, you can get food and automate certain things but it is a business.In my opinion, you should look at what you do in your profession and see if you can moonlight some hours to make more money that will go towards the downpayment.Best of luck

This will help you to understand deal structures from the LP perspective and will give you some credibility if you raise money for others.Also, be prepared to "eat your own dog food" - invest your money in the same deal you're raising money for.

Keep your sites clean, reduce your liability exposure, keep your loss run reports clean and premiums from increasing. 2.

Then I will deep dive the asset.I agree that you lose control also, but new investors doing a flip and trusting a contractor they met on Angie's List is way more a loss of control I think.

Just food for thought. 

And if they're smart they can maybe get a tax break for it, if they can show a loss on paper.

I see story after story of people being upside down and having to sell at a loss because they chased the shiny object without enough due diligence.