Also, the web of entities that Glenn mentions is truthfully pointless.

If the owner employs a management company, then the management company is required to obtain the business license - not the property owner.according to the tab (Profits Tax) on the same page above, I should NOT file form RD-108 either to pay KCMO city earnings tax, because I am a passive investor, and not actively involved in the management of my property.The problem is that, I did submitted my business license application a few weeks ago (still in the process) before I checked the KCMO web side.

Fundamental shift in view, don't leverage money be the leverage behind the hard asset.3.

I understand the fundamentals of buy and hold investing, but what I would really love to learn more about is the BRRRR strategy and the renovation process. 

I haven't had time to really look into it.https://flippingmastery.com/web/fs-jv/?

Obviously, this is a speculative question and nobody has a crystal ball on this issue, however, I think close consideration of the fundamentals are important in making a decision about this.

We have a management LLC (owned by my wife) & I have an LLC for my web design, authoring and consulting business.

My strong advice is to stay off the web when looking for a lender, Nicole.

Properties sold to Fundamental Partners for about 12% below foreclosure value.

Kevin -Many thanks for writing.Let's break this down fundamentally and step by step:Passive Income from Triple Net Properties:Net Income: $125,000Rental Property Expenses:Building Value (depreciable basis): $480,000Annual Depreciation (assuming straight-line over 27.5 years): $17,454Loan Interest: $38,000Rental Income: -$12,000 (assuming $1,000/month with no positive cash flow)Total Loss (Depreciation + Interest + Net Loss): $17,454 + $38,000 - $12,000 = $43,454Taxable Passive Income after Offsetting:Passive Income - Total Loss: $125,000 - $43,454 = $81,546Tax Savings at 37% Rate:Tax Savings = Total Loss * Tax Rate = $43,454 * 0.37 = $16,056.98So, in this scenario, the $67,454 in losses (depreciation, interest, and net loss) from the rental property would reduce your taxable passive income from triple net properties to $81,546.