Current accumulative note amts $80,000,000+ Real Estate ExperienceBeing a results-oriented professional with over six years professional real estate finance experience.

However, you can only apply this "passive loss" vs. ordinary income if you are a "real estate professional".

I have over 6 years in the Real Estate industry and I am looking to network with other Professionals

I've not had a bank refuse any of my contracts.If you go down this road it would be a great idea to have some professionally drafted documents for the sale of the LLC.- john

No offense to RE professionals, but I discovered 95% of the "professionals" out there don't know jack about the industry.

You will need a professional mason for this.

If you are going to install a water heater that is going to catch fire and burn down the house, then yes, you better hire a professional to install it.

Be professional.

The concerns that have been expressed regarding your lack of landlording experience should be taken to heart, though you could readily argue that's what you're paying your professional management team to do.

She would not lose it, I don't think, if she bought me out - as it's fully paid off (my parents bought it in 1961, it was built as a wedding present for the first owner's wife in 1913), so there is no mortgage.