You cannot offset nonpassive income with passive income unless you are REPS or you make less than $150k MAGI because there is a special $25k PAL allowance

Any recommendations for tax professionals who specialize in Detroit properties?

Quote from @Helene Goodworth: Dear Colleagues,I’m reaching out to connect with other successful realtors who specialize in working with investors.

Depending on the investment and your current knowledge, this can take from 2 to 20 hours of research.2, Spend $400 - $600 for 2 hours consultation with an attorney who specializes in real estate IN THE STATE that the underlying property is located in.3.

Sub to needs special “handling” because if the selling party is a homeowner rather than investor they need to be aware of the following when they sell sub to1.

You will want to pay special considerations to properties that investors own, as they are more likely to be willing and able cash buyers for your own home.

If you feel you really want something more special for a nicer flip or something, get a design consultation from someone local who can give you a whole color scheme for the house that will make things pop. 

MLS. no special negotiations, just found a seller that was motivated.

I have a lawyer reference in NV that will give you a few minutes of time and they specialize in setting up LLCs.

If you've been reading books and listening to podcasts, adding in-person real estate investor meetups is usually the special sauce to break the paralysis.