The grain of truth here is that just becoming a real estate professional does not automatically allow you to take losses against other income.

It generates financial reports automatically. 

@Kamil KaczmarczykThis is like going from driving an automatic car to a tractor trailer with manual transmission.

@Yishi Garrard I would think in those areas there would be a lot of section 8 so the rent collection would be pretty much automatic....as far as inspections and security deposits though....  

In many/most states LTR leases automatically become MTM when they expire.

Currently we are doing on average 4.5%-5.5% for forward looking annual automatic rent increase.     

Good luck getting a HELOC on an LLC. 95% of lenders are an automatic No.

For example if the prayer amount is 100,000$ and the winning bid is 50,000$ automatically the extra 50K cancelled or the winner need to pay it?

I second @Ryan Kelly's suggestion of UFCU, although I've never had a client have to join the credit union to use them (maybe they're automatically enrolled by having a loan with them?).

We do, however, also allow Tenants that are proven to automatically convert to a month-to-month term after their initial year and inspection.We then send out a one page addendum for the Tenant to review, sign, and return by a specified deadline.