Rental Activity Eligible for the QBI Deduction Under the Tax Cuts and Jobs Act (TCJA) tax reform bill, you can deduct up to 20% of your qualified business income.

Slightly unrelated but important for @Heidi Ann Faller to know: A net operating loss cannot offset capital gains since the IRS views these are two separate forms of income.

I'm really passionate about wanting to become a better RE owner and operator but I know that my lack of knowledge and guidance is holding me back.

I operate a home services business specializing in property management, renovation, and general contracting.

Once the money is back in my account I'll send the rent money'-'My car ---- the bed and needs fixed'-'The storage facility I have some stuff in charged my credit card 10X what they should have'-We had an unexpected bill'-'My credit card/debit card/bank account got hacked' (this one has happened multiple times to different tenants)-'I got another job that pays better'

While working, I shifted my focus and started doing BRRRR projects on the side while maintaining my 9-5 job.

Do you have a GC on the job? 

It's relatively affordable, strong tech and industrial job growth, landlord friendly, low property taxes, and not state income tax. 

I'm a trust but verify guy so 3 times a year we have picture inspection reports done so I know the condition of the unit, cost $75, Will share information if requested.Best,Mike Money well spent.In think we do a yearly walkthrough that is included with our PM operation but would like to have multiple walkthrough's scheduled every year which we will probably have to charge for due to needed time and resources.But it's a great way to get eyes on the property and provide peace of mind for landlords.Thanks for the mention.

Again common sense, it depends on the job, disability, and age.