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

Mixed-use buildings are pretty particular with city planning, are there other similar projects already existing on your street?

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

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.

If, B: The seals are bad, replace them because this will then be a selling point, but go for the less expensive option because you have the nicer house on the street... putting more money into making it even more nicerer will be a waste... if that makes sense.Another option would be to say that you're giving the buyer an 8k credit towards windows of their choice (or they can pocket the money if they don't want to change them). 

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

@Maxton JohnsonIt really depends on what real estate activity you are trying to be involved in.It also depends on what your goals are.It is true that for a NY LLC to be established that it needs to have its information placed in 2 ads for 6 weeks.

Years ago I did some work with SaskTel downtown and there use to be a pretty good Japanese restaurant just down the street (not something I expected in the middle of the prairie).Looking at what you have posted - and with the caveat that I do not know the market in Regina {property taxes must be low} - my first question is does your figure of $1445/month include: snow removal, lawn care, maintenance reserve (~10% EGR ... which is more like $5500/yr) and property management (say 7-8%)?  

Since you'd prefer to be MLS only vs. an active realtor your broker might require some compensation too.