The IRS loses cases... lots of them.

@Jeff Roth curious as to how your clients with a W-2 job are able to claim Real Estate Professional and meet the IRS requirements?

Roth IRA/SDIRA has income limitations, you can check IRS/CPA for current guidelines on that.    

They are never the cheapest, but if you hire the cheapest you get to follow them around and add a job of micromanaging to your list of daily activities.CEO's of multi million dollar companies golf 3 times a week, shop for cars mid day, get suits tailored, hop a jet to fly fish, have perfect haircuts every week, volunteer at a shelter passing out food, get photo ops and make company motivational videos.

We had access to one and were about to sell but the irs told us we had to pay it all

Please give me link etc.As each zip code may have different profile I want to be sure to pick correct side of the town  Jagan,You can check out all of our podcast episodes on Youtube here: Investor's Guide to Memphis Real EstateHappy to hop on a call and review any of these with you and give you more insight as well. 

Do NOT pay $100 or whatever for an EIN # either, get it for free directly on IRS website with the same amount of energy. 

Happy to hop on a call to discuss.

Hello Bp, I wanted to hop on here and write about what I have seen in my backyard STR market in the Pocono Mountains of Pennsylvania.   

Also no insurance.Finally, the IRS Audit likelihood for a 1040 with 6 Schedule E properties is about 10 times as likely as a 1065 (with your spouse) or an S-Corp.Then you can get a single K-1 and do your own tax with Turbo Tax.