The book is referring to the passive activity loss limitations imposed by Sec 469.You'll still be able to use expenses to offset revenue, you just won't be able to use a tax loss on the rental to offset other taxable income if you're above $150k in AGI. 

Funds would be extracted by active consultatoin fees charged by the Canadian entitie(s), and taken out by dividends.Considered a limited partnership for cleaner flow through pruposes, but was told that it is more difficult to get active consultation fees out of it and there is a withholding charge that could take up to a year to get back out to the Canadian entities.Your feedback is appreciated.

Lots of other activities for kids and adults . 

Hi @Natasha Richardson,I wish I could answer your question more directly but it all depends on the location, quality of property, recent sales activity, supply and demand.

Very boring place, nobody is moving here, not much real estate activity.

I do not own investment property here, but I'm actively looking. 

I'm active duty military from Baltimore.

When I first started thinking about getting into REI, my initial thoughts were to do live-in flips with the goal of being able to pay cash for my "retirement" house approximately 10 years from now, so I won't have a h...

I'm glad to hear there are some other active BP folks in central Illinois.

Once you have the license you can decide to activate or stay inactive.