Thanks all for the help - went with the architect with a great final result and product and they took care of stamps and all requirements.

Originally posted by @Basit Siddiqi:@Daniel Guest'passive activity' and 'trade or business' aren't mutually exclusive when discussing both items.You can have both a trade or business that is either active or passive.If you have a trade or business and your income is positive, you might be eligible for 199A qualified business income deduction.However, most rentals don't operate at positive taxable income because of depreciations.I finally wrapped my head around this the other day and hadn't had a chance to reply on here yet.  

Finally taking out the profits years down the road   Thereby having more money to buy more properties in the time beingIf not are there any suggestions how you temporarily avoid taxes without doing 24 1031s a year?

I finally got a new job this year and began the process to get out of forbearance (you must make 3 successful payments before you're considered to be out).

Hello everyone I have worked very hard to finally post in a forum like this that i am ready to make my first investment in a rental property. i have excellent credit score and am based out of DFW area in Texas.

I am finally seeing the fruits of my labor with the passive income I am earning and I don't want this end any time soon.

Just wanted to wrap up how my "precarious" deal finally resolved!

Finalizing a deal for a 6-unit property in upstate NY. 

Hello everyone,I am finally ready to invest in a rental property and my goal is to get one property by the end of the year.Anyways, I need to setup a California LLC (I have a business and assets I want to protect) and am wondering is there anything “special” / different I need to do when setting it up for real estate investing….I just want to make sure I don’t make any mistakes with the setup…I have 2 LLCs now, but both are for e-commerce.Thank you!  

We could take our 18 months left and make it 3 yrs, still get the house paid off soon, AND finally get in the habit of getting paid in this 10 yr old business that has so far paid almost nothing.