I have learned from my mentor over the last two decades. 3 years ago I took a step into preferred equity and landed an amazing opportunity.

@devin @Devin Peterson They are spread out bewtween two counties in Craighead and Greene county in Arkansas.

Thank you, the guidance is confusing in that it states you can still treat real estate as a trade or business if it does not meet the 4 bullet points for safe harbor.In my HR Block tax software there are two QBI options for rentals:  1) Treat rental under safe harbor rules or 2) This rental is eligible for QBI without safe harbor. 

Conveniently situated between two major interstates, I-64 and I-71, accessibility to both is convenient.

Even if it’s a sham and I have to complete a deal or two to recoup my money and part ways, I’m okay with that.

It depends on the exact unit you're looking at but even renting out two bedrooms I think it's unlikely to cash flow at 3-5% down.

What the investors do is one of two choices.Invest in the rehab or repair end or invest in the bridge loan after the property is fixed up or "stabilized" thru the period when the tenant gets their own finacing.   

We're generally looking to network more and surround ourselves with more people that are on a similar path.We currently have 2 properties between the two of us - a three family and a four family.

Their auctions are done in a bid-down style on the interest rate, making it a competitive but  potentially rewarding state.Illinois: IL can offer a 36% per annum interest, divided into two 6-month periods at 18% each.

Note:                                                                       - Roofs are all OK- Two furnaces will need replacing w/in 5-8 yrs