We currently have rental properties that are mortgages in our name.I am a real estate professional, so we utilize the properties' depreciation to offset my spouse's W-2 income.

By far the best way to scale if you don't have a lot of cash is to house hack.

But classifying your depreciation (either the leftover annual depreciation after taking bonus depreciation, or the regular amount of depreciation if you didn't take bonus depreciation) can be taken as an active deduction against your W2 income for as long as you materially participate in the property.Disclaimer: I'm not a tax professional so not financial advice. 

I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.

Since we began lending in 2010, allour loans have been to local house flippers we met at the local real estate clubs and with whom we’ve formed some long relationships.Unless you live in an area with no local REI clubs, there is no reason to do business online or anonymously.

Is it practical / worthwhile to get your agent license purely to avoid paying listing-agent fees on house flips?

Hi community,I'm planning to house hack in Richmond or Fredericksburg/Spotsylvania and am considering renting by the room using short-term, mid-term, or long-term strategies.

The property had a main house that was in livable condition, but mostly original from 1986.

Most HML lenders cap at 75k-100k minimum (with some going as low as 50k but I personally don't know one that can do 30k).

We always choose low maintenance materials for rehab in our class C/B properties.