I honestly wouldn't even trust anything QB is telling you when it comes to taxes.You're in a partnership, which acts like a conduit to pass through the income/loss of the activity to the individual owners.

Don't try to build a buyer's list with no experience and no active under contract.

I'm an active-duty military (retiring soon).

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

Hello! My name is Jared Smith and I have been involved in various real estate investments since 2006 when we did our first flip in the PNW all on a CC! (not recommended). In 2017 we started our journey with long-term ...

In 2019 i only had handful of unbooked nights for the year and the area was active the entire year (there was no huge off season).  

Focus on connecting with investors, flippers, and landlords who are actively buying.

Talk to your tax advisor about how to release your passive activity losses based on your situation.This post does not create a CPA-Client relationship.

One key tip as you begin is to connect with local investors who are active in the markets you're considering.

Since Joe is not a registered lender, Joe is not held to the same standards as a lender and the sale could be a wreckless and poor activity by the bank putting Bob in that situation.