Actually, a real estate professional still follows the active/passive nature of income. 

@Dave Godfrey hey I don’t really have any property under contract but I’m looking at rental house around Philly market so I wanted to establish relationships before hand and call to see how much what are the conditions of the loans and things of that nature.

Maybe this calls for a fabrication...sale and repurchase for the sole purpose of adjusting the cost basis.

But, looking at the natural resources that are close to Portland and the artificial urban growth boundary continue to keep it desirable on the list of places to reside.

They were all words you would naturally want to use in your LLC name to describe your rentals business...'

Naturally, the topic of real estate came up.

You'll start to realize that terms, concepts and abbreviations become more natural to understand the more you learn. 2.

I had mold inspector take samples (I think I made decision too early) as I feel they will come positive as mold is everywhere in nature.

This is a very important distinction that a lot of investors miss - treating sellers of this nature, like dollars and cents investors, is a mistake and likely a big turn off to the seller.

Sounds like you are a natural negotiator.They might be most apprehensive about giving you title on all these properties for low to no money down.