I think the more professional the better. 

Folks have a lot more rights as idiots (Consumers in an Owner occupied deal) than Investors or anyone with a license (professional license not a drivers license;-)

I usually update it on www.meetup.com/fwbrealestateThere is also a great reia that I attend called the Professional Investors Guild www.meetup.com/destinpigLooking forward to meeting you at one of them.

However, it's in your unit and I have professionals telling me it wasnt an accident.

I did the professional thing and did not laugh out loud. 

As always talk to your tax professional but that's what entity most investors use. 

The reason I ask is, what if you started non-renewing the Sec 8....granted you lose that "guaranteed rent" (heh, ask me about THAT sometime), but if you can get it up to market rent gradually while reducing expenses, this deal may still work.3) Cash flow & NOI are key components that determine the market value of multi-unit/commercial property. 

Here goes… If you are not a Real Estate professional, and your high income is from a different field, you cannot deduct “Passive Income” Losses.

@Basit Siddiqi  I did buy in Dec 2017 and I guess you can call me a real estate professional since I have no other source of income. 

A lot of professionals will settle close in with a good elementary school or private school nearby.