You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate wouldn't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.

Quote from @Michael Smythe: @Logan M. keep pushing your limits:) One home at a time!

Hi everyone, my wife recently reached the dream of being able to retire at 49 thanks to rental properties.  

For example, looking at a property with "3" bedrooms but a giant loft area that could be converted to a 4th bedroom, and a full downstairs private area with a full bath that could have a convertible bed, allowing the property to sleep 10 minimum before adding any bunk or twin beds.

Two coats of paint including ceilings and trim for a 1200 sqft. house in our market is at least $5k including materials.

For the very first year of the tenants living at the property I was under the impression that a notary was required to make it a binding contract. 

I've never done a Sub-To deal before. Anything i should be looking out for when doing a subject-to deal?  what are the main "gotcha" that I should be on the look out for?  

@Alfred Johnson Keep at it.

The starter plan is currently at $55/mo.

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.