I have no real estate background and know very little about the terms/abbreviations, so this post will probably be filled with ignorance - but any thoughts, comments or advice would be very much welcome.My wife and I currently have approximately 150k tied up in non-real estate investments, and we are looking to make the transition into real estate.

She may have already filled out the form and simply forgot to give it to you.

Of you can explore flash cash to fill the void where you need the funding until your buyer closes. 

Armando Payano I've never had to do a bio but odds are you'll have to fill out a personal financial statement (with supporting documents) as well as pro-formats (or actuals, if available) for other investment properties that you own.

@Faith Esbrand  not necessarily  a realtor as you need to have at least a year of savings B/C it takes a while to fill your pipeline.but you can work for many real estate companies that will pay a salary.. that is were you can network and build up your experience level and savings account.and if you can live at home all the better.. the first year I started in RE when I was 18 I lived at home until I got a few commission checks then moved out and bought my own home and never looked back. 

In filling out the data from the Schedule K-1, TurboTax is asking me whether I have passive activity loss carrovers in Regular Tax and AMT. 

Then charge for advertising (cost will vary a bit but typically not more than $100) when filling a vacancy. 

If you are property managing yourself, and think you can handle that along with parenting, I'd say go for it as long as you can fill the vacancies!

Finally, the annual filling fee is only $50 a year. 

Welcome to Bigger Pockets @Darryl LinBP is loaded with all the information you will need to succeed in whatever niche of real estate investing you wish to pursue and the community is filled with knowledgeable investors and professionals to learn from and connect with.