Imo, contractions shouldn't be used in professional situations, either.

Current accumulative note amts $80,000,000+ Real Estate ExperienceBeing a results-oriented professional with over six years professional real estate finance experience.

However, you can only apply this "passive loss" vs. ordinary income if you are a "real estate professional".

It is great to see that one of our long-established members and BiggerPockets blogger has put this together.We've decided to sell the book here on BiggerPockets, and you can get your copy directly from our store.

I have over 6 years in the Real Estate industry and I am looking to network with other Professionals

I've not had a bank refuse any of my contracts.If you go down this road it would be a great idea to have some professionally drafted documents for the sale of the LLC.- john

No offense to RE professionals, but I discovered 95% of the "professionals" out there don't know jack about the industry.

You will need a professional mason for this.

If you are going to install a water heater that is going to catch fire and burn down the house, then yes, you better hire a professional to install it.

Be professional.