Let me know if you have any additional questions regarding skip tracing.

The risk becomes exponentially higher if the "guardrail" team members are not there to help advise, but know that any additional party involved who is weighing in on a particular deal can hamper the need for speed in cases where wholesalers may not wait for your financed offer with an inspection.

Additionally, American Express provides credit lines tailored to real estate investors' needs AMEX Blueprint Business.Chase Ink and Navy Federal also offer excellent credit card options for real estate professionals, with the potential for high credit limits up to $100,000.

They also have a course that covers a lot of these nuances in addition to the basics of REI bookkeeping.

In addition, it is remarkable what people will spend for accountability groups.  

We are taking advantage of two new tax saving opportunities that require some additional research and paperwork on our end.

Then you would gain the additional depreciable basis on the amount you purchased more than you sold.

Developing connections with seasoned investors may yield insightful advice, opportunities, and important insights.Educate Yourself: Read books, listen to podcasts, attend seminars, and take courses to consistently increase your understanding and proficiency in real estate investment.

So if your main job is a W-2 job, you probably don't qualify.But that's still not all because in addition to REPS status, you also have to qualify as having material participation in the K-1 business to make it non-passive income. 

Really appreciate that insight.