Can anyone share with me their experience (pros / cons / preferred neighborhoods / takeaways) in Indianapolis? 

She manages the property by herself and it's successfully pulling in 125k/yr.

Would love to connect with others in the area and industry, I live in the Loop.

Wait for accepted offer.Or are you doing a tour before you put in an LOI?

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

@Scoop SchneiderHow far in the process are you?

But since you are in California, a land trust might be a better route.

I just bought a Lake House in Maine this past summer.

For larger jobs, in quarterly draws.

Purchase price: $84,000 Cash invested: $10,000 Sale price: $165,000 Single family home (manufactured) What made you interested in investing in this type of deal?