We've been active in the short sale market in Florida.

Depending on the place being a new landlord isn't a passive activity at all.True you might be getting 1% or less in a CD or bank account now and you don't get depreciation like with real estate but you can easily beat those numbers.If you have a few hundred k or more I would say triple net it a great route as you can hit a 6% to 10% cap and not do anything but collect a check.

You can fill bowls with vinegar or activated charcoal and place them in closed off rooms.

Welcome to BP Nation, stay active on the site and engage the community.

The changes I have made are numerous, one of the most important.Deciding to pick ONE strategy,and mastering it, making a comittment to become exceptional in the my field.

I've read countless books, taken several courses, listened to numerous CDs, been to club meetings and now I feel it's time to dive in.

From what I can tell there is a healthy amount of buying activity, foreclosure rate seems to be slowing a bit as well.

Go to http://aaplonline.com/aapl-active-lender-directory/.

All 3 people would be active in the rehab.Anyone ever done it?

The remaining expenses carryover to the future as a Passive Activity Loss (PAL).Exception:If you qualify as a real estate professional, you are able to deduct more than the 25k allowance and are able to deduct passive real estate losses if you AGI exceeds 150k.Chris Masons, That is why I'm the Tax Guy.