Neither of us any significant experience in REI, but I have had some limited first hand experience in the past.

Because of this Congress believed that a rental real estate investment in which a taxpayer has significant responsibilities and which served a significant non-tax purpose should be treated differently than the activities meant to be limited under the passive loss provisions.

Hi Lito,1) The limit is the same whether you have one IRA account or 50.

My experience is obviously limited, but truly feel that I have found my calling.

This is the sort of thing that bears investigation before investing too much.If this is in Ohio, then I doubt you'll have some of the hookup limitations we have here in the west.Jon

I think you are limiting yourself if you start thinking that way.

. -- Some fees are limited.

There may be some time limit when that becomes impossible, but I no idea when that is for your area.However, if these are in Maryland, you better check the Maryland foreclosure law.

Trada's attorney for Texas is bailing on them, Marin, and other defendants.Looks like bankruptcy for Trada VI so that the limited partners will be on the hook for the amount of their investment.Also appears Boise office closing with their furniture being repo'ed.

Your withdrawal of up to $10,000 (lifetime limit) is applied to a first-time home purchase.