I don’t disagree and am still actively investing in Ohio.

As a fellow newbie I suggest doing three things to help you move forward:1- listen to the podcasts- they help you learn information you wouldn't even think of searching for2- attend Real estate meetings: you never know which contact will help you get your first deal.3- stay active in the forums asking and responding so you can learn and be more visible to others.Good luck and don't give up! 

You likely can't tap into your equity without selling your property currently due to your credit and being in an active bankruptcy.

Either way, the fire has been lit and we are actively getting involved in the REI world and meeting other investors and are ready to just get in the game.

I have heard people going on Medicare since they have no active income.

Looking forward to hear from local investors.I have been an active Investor in Greater Seattle area, but now want to diversify.

@Brian Ambuel You bet. 

Also, CamaPlan is very active on Bigger Pockets and have good reviews.

This trade or business requirement can be particularly difficult for rental properties to meet and is usually based on the extent of the taxpayer's involvement in the rental activity.

Given that, how can I take advantage from a tax perspective of losses on passive activity from owning rental properties?