I've  been Investing in RE for over 35yrs and have legally not payed a dime in taxes and have been audited 7Xs by the IRS...and am undefeated...willing to Share my knowledge....

Or stick to downtown Orlando areas, you can always hop on the Brightline and easily visit Fort Lauderdale! 

I'm not sure if this guy even kept books for his car washes because when I asked for the financials, the listing agent literally emailed me a piece of paper that had some numbers written down so I told him I wanted copies of the actual income tax returns that he submitted to the IRS and he sent that over so that is where I got the numbers from.

Passive does have a definition from an IRS standpoint, but to everyone else: passive is a subjective term.  

Definitely going to hop into the state forums (NW Louisiana) to find funding help.

Hello Nicholas, there are a few drawbacks: -Complexity and Scrutiny: This approach could attract scrutiny from the IRS, as it's not a typical way to manage rental properties.

The IRS has as long as you own the property plus 3 years to audit your depreciation schedule.  

Would be happy to hop on a call with you.

I am happy to hop on a call and tell you about Modesto and have you down here for a tour of the market. 

Besides, they reason, the IRS does not really enforce the rule anyway (more on that later).