Also, If you have any free time please let me take you to lunch (on me) to discuss the neighborhood and dealing with rental properties or even if you need some assistance on your rental properties I would love the learn the basics and gain some experience (obviously no charge). 

That typically is investors.

Chris T.While we are not flippers, we do use a similar approach by purchasing tired properties and forcing appreciation: it is just rehab-n-hold as opposed to rehab-n-sell.When we are carrying out a deep retrofit on a newly acquired property, we will put a sign in the yard advertising another "modern, heathy and energy efficient home in the making"  with an indication of when it will be available for rent.We typically have the units rented before the renovation is complete.

Currently, I'm focused on grinding it out as a Realtor to gain my capital so that I can start investing hopefully when I'm around my mid 20s.

Taking over inherited property of my family and I need to make sure the paperwork is correct so I can have proper control to gain access to the equity for future deals. 

I would guess I physically inspect 5-10 properties for every one I make an offer on and I may only get under contract on 25-33% of those because I typically offer aggressively so my numbers work.

I spent a great portion of my life in school and as such lost out on a lot of financial/investment opportunities since I was in school or in low paying jobs in order to gain experience.  

So I had some capital gains plus depreciation recapture.  

As I was reading the forums, I gained so much knowledge and yet totally overwhelmed.

Would I only be able to use this write off against passive gains, such as RE, and not towards my active income from working?