You’ll discover quickly that it doesn’t take much to have a competitive advantage over  very experienced investors who have spread themselves too thin.best,Jon

best,Jon

@Jon Loca - Here is a link to our meetup on bp: https://www.biggerpockets.com/...Also, sign up on meetup: https://www.meetup.com/chicago...And lastly, starting this month we are going to have Chicago industry experts (@Prashanth Mahakali owner of PMPC architects this month) doing Q&A for the last half hour so if you can't make it in person you can join virtually via FB: https://www.facebook.com/group...Also, make sure you are listening to @Mark Ainley & @Tom Shallcross awesome Chicago investor podcast. 

I'd agree with the figures Jon gave (he should know - he's had plenty of experience!).

@Jon Voyles a rental property in Texas doesn't qualify for a homestead exemption.

Jon

I hope this helps.Best,Jon

@Jon Gorham that is wild!

Jon

Originally posted by @Jon Fletcher:I read a lot here about people having passive losses or paper losses once depreciation is factored in.