So it's been a bit exciting for me to see what's in store for my community, the market that it's in and opportunities that can happen.A couple tips I learned over the years to figure out the market/community I'm involved in South Jersey:Attending SoPro Professional Networking Events.

Now I was looking through some of my hand picked properties yesterday, and saw a beautiful 1920's colonial that needs professional restoration, at a great price, where I think a flip is the best way to go.

You can also meet contractors, handymen, subcontractors and other service professionals should you guys decide to do some rehab projects to build up some more capital.Feel free to reach out if i can be of any help, best of luck to you guys!

I am excited to connect other investors and real estate professionals in my area... and others in the virtual BP community. 

None of this is legal or tax advice, just some things to consider when speaking to a professional who understand specifics of the state. 

@Karen Higgins Short answer: If you OR your husband are not a 'real estate professional' then unfortunately there is a limit to how much of the passive losses created by depreciation (accelerated or not) can be used to offset your 'active' income.

Then surrounding yourself with industry professionals that can help you get started.

I recommend that you work with a qualified tax professional.

Ignore my profile picture, I do not have a recent professionally taken picture.

@Alex Deacon,Thanks Alex,  the one thing I can say is talk to a trusted mortgage professional, because every ones individual situation is different.