As copied and pasted from above-(1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participatesThat's how I understand the W-2 problem... it is hard to say you spend more time on real estate than any other activity if you work 2,080 hours.Another consideration is how much you rely on the W-2 income for lifestyle versus rental income.

Hi Dustin, I will say that section 8 and rental assistance programs are quite slow when it comes to getting back - if they do qualify, they should be able to get rental assistance but it likely will take a bit of time before you get paid as a landlord.

I spoke to my banker today and he indicated that they won't do a HELOC out of a home that is a rental - only from my personal residence. 

I recently bought a property am living in it and after a year plan on classifying it as a rental.

So, I am back where I started and have a W2 again (in my own biz) and we have a small team managing the rentals, I only get involved with buying and with bigger construction issues. 

Folks,For one of my rentals the rent is around $5k per month.

They apparently provide mentorship for all aspects of your business and Real Estate and Rentals is one of the areas mentioned as a potential business.

Many speculative investors with over confident numbers purchased short terms rentals in Hot Spots near national parks based on the returns of a short term rental.

Is anyone know who is doing rental properties financing in grand forks North Dakota?

Purchase price: $112,000 Cash invested: $30,000 Primary residence turned rental