I have been investing in philly for quite a bit now and have started with the househack route and have properties in multiple areas of the city and surroundings.

Is that something you have to depreciate over time?

I am looking to understand if there is a way to make MTR income/losses classified as active income (rather than passive) when you do not have REPS status?

@Jonathan TiradoMany people invest and have a job on the side.

Average cap rates across the country have halved in the past 25 years.

Taking that first step to learn and connect is huge, and it sounds like you're already on the right path by diving into podcasts and resources.If you ever have questions about specific investing strategies or need advice on navigating the market, feel free to reach out.

I'm more of a straight to the point investor and just want to know what the endgame is in the deal so I have more clarity.

I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).

Coule of additinal questions:1) do you have a responsible and reasonable contractor you would recommend?

If you have equity in the property and are able to sell then you have a golden parachute out.