I didn't choose this profession per se; I'm actually disabled and needing to do this to supplement my income (although I have felt immense appreciation for the good tenants and proud of the way I continue to learn).Now I am in the process of my first eviction with regards to my current basement tenant (they're just not paying me rent, everything else is fine with this person but their financial excuses have been hard to keep track of since the beginning).  

Which from what I see on BP is the goal of 110% of the participants on this site. 

Be proud you took the first step where many afraid to. 

Many states now require new funds and do not do pass through.. its the reason we all are in business us bridge lenders.. also I know in Oregon the title companies demand a full profit disclosure to the seller.. they don't want to be sued for participating in a secret or unconscionable profit act.

Please keep in mind, you may qualify for the 750 hour test for real estate professionals, but need to materially participate in the rental activities as well for it to be considered active (and take the active losses). 

I made some elections about grouping by not grouping as I expanded and didn't understand the consequences (making material participation easier/when passive losses can be harvested/ease of filing) of that at the time.Also random question but do you have a sister Nicole?

I am impressed with his podcast and I know of one successful investor in my area who has participated in the course.Hopeful that we can get some responses here.

An interesting twist to your great information, is an actual legal case I participated in.

great project and i'm really proud of it... but i didn't make enough money for it to be worth the time it took.

I know of a couple of specific very trustworthy operators/funds that are paying between 8-12% preferred returns with participation in potential appreciation.