You should have leads coming in from as many sources as possible including wholesalers. 

This includes transportation costs such as gas, airfare, rental car fees, and lodging expenses while away from home.

There are a lot of preventative/proactive things you can do, including, but not limited to;1.

Some new landlords can get burnt out trying to track down rent or following up to make sure it was mailed.

@Randall E CollinsI would first speak with an SEC attorney specializing in real estate syndications.

Since you will basically be doing all the work including finding the deal, doing the construction and leasing/renting it out, that might make sense from a structure standpoint.

@Kent SmithYour CPA is wrong - you can deduct operating expenses against rental income to get to zero.If you have a net loss after this, that loss is NOT deductible and will be carried forward.Review Schedule E and it will clarify how this all works.Schedule E go to IRS site and take a look and also review instructions.Good luck.Arm

Stretch goals for the year include: getting my partner started with a flip and providing support as needed - she's a REALTOR, works in property management, and is interested in flipping; begin a marketing campaign to test out wholesaling as a deal-generation strategy.

I also get their mailing address on the same site.

C/E shop, I’m with Samson and have been very happy, just a word of caution, it’s gonna run about 2k-3k a year just to pay for all your subscribers, mls, sentry etc, I suspect these will be going up substantially as a result of the agents leaving the industry, meaning the need to get more from the remaining, if you get your license make sure you have a use for it, like you will either have a decent client base and/or you are doing your own deals & will save money that way.