Problem is if you listen to them you miss the prime wealth building phase of the market.

Check out BP podcast #189, he talks about portfolios as well as building systems which is incorporated into it. https://www.biggerpockets.com/renewsblog/bp-podcas...And BP has one in a beta phase: https://www.biggerpockets.com/portfolio which is a good start.

Unless they already performed a phase 1 ESA, I'd be very leery of dealing with this seller.

I think my best bet world be do this in a phased approach.

I am interested because I am borderline in the phase out / not able to use a ROTH IRA (and obviously don't qualify for a traditional).  

I have not yet struck out on my first property and i'm currently in my education phase, trying not to get "analysis paralysis" lol.

Hi there, I'm a newbie in the research phase. 

Management decisions that are relevant in determining whether you actively participate include approving new tenants, deciding on rental terms, approving capital or repair expenditures, and other similar decisions.There is a phase out if your MAGI is above $100,000(2016). 

.• Can't use trusts to hide the asset, but can use irrevocable trusts• There are tax credits but check your taxable income so you don't phase out

The $25,000 allowable loss starts phasing out at $100,000 and completely phased out at $150,000.Below is an example from the IRS websiteKate, a single taxpayer, has $70,000 in wages, $15,000 income from a limited partnership, a $26,000 loss from rental real estate activities in which she actively participated, and isn’t subject to the modified adjusted gross income phaseout rule.