So it really depends on what your goal is.

If you or your spouse qualify as a 'real estate professional' and meet material participation regarding the property, the tax losses become non-passive and can offset other taxable income.Good convo to have with your tax CPA/EA who can consider your facts, circumstances, and goals.

The key is to identify your goals and the strategy that will align with them.

I don't have a perfect answer for you, since that will depend on your long-term goals.

If my end goal is to fix and flip houses, is it better to start wholesaling houses to earn the startup money, or find a house for a wholesale price, get a loan and buy it/fix it, and sell it?

But don't do it if you're looking to simply earn a return on your money; you're house-hacking to make your cost to ante up to buy into the market less than the alternatives of either not playing or buying elsewhere with a higher ROI but still paying a variable rent for your own personal residence.My goals are to play for cash flow and ROI.

Gives me hope that no matter where I start I can achieve my goals.

My goal is to purchase many residential and commercial properties along my 17 years left I have in the Military and I have no clue where to start.

Goal for Q2 2019Because our model is broken down like an assembly line, and each position is highly leveraged on other positions, we discovered we need to make a leap of faith and triple the size of our organization.

My goal is to invest in single to small multi-unit properties within the next year.