@Zach StanardOf course, confirm with your own CPA who has knowledge specific to your own situation, but generally....If you invest out of state in a state that has an income tax, you will usually be required to file a non-resident income tax return in that state, and taxed at that state's rates on the income earned in that state (just pertaining to your rental probably). 

My understanding is that you can only put what is earned in the "self employed" business.

But if you can get 100K and partner with Kris you will be a millionaire in 3 years and soon earn 250k a month passively.

In general with respect to traditionals, I really hate the fact that Cap Gains are paid out to me as earned income in the future.I think a contribution to a traditional IRA or 401K at today's tax rates is crazy. 

@Robert Richardson a good lender is going to be the key ingredient here.

We would love to be able to apply those losses to my non-real estate earnings, but we haven't gotten a clear answer on how to do that.

I have income coming in from: An S-Corp with other shareholders that is a service-based businessAn S-Corp with other shareholder that is a manufacturing businessAn S-Corp owned 100% by me that earns income through business consultingA single member LLC that I use to hold all my real estate investments, both hard real estate as well as passive investments in syndications and fundsA partnership where I am currently a LP but likely to transition to a GP over time (family partnership).

Just sayinJohn - I don’t say where my properties are, but in general they’re in the very popular high earning places down south.

Eventually it’ll come my way, but I’d rather learn and get it done myself...sort of earn it first ya know?

Anyone earning $600 or more as contractor should be issued a 1099.