@Aaron MoayedIf you dig far enough into IRC Sec 469 and the related regs, you'll find this:Treas Reg Sec §1.469-1(f)(4)Carryover of disallowed deductions and credits(i)In generalIn the case of an activity of a taxpayer with respect to which any deductions or credits are disallowed for a taxable year under § 1.469-1T(f)(2) or (f)(3) (the loss activity)—(A) The disallowed deductions or credits is allocated among the taxpayer's activities for the succeeding taxable year in a manner that reasonably reflects the extent to which each activity continues the loss activity; and(B) The disallowed deductions or credits allocated to an activity under paragraph (f)(4)(i)(A) of this section shall be treated as deductions or credits from the activity for the succeeding taxable year.When reading tax law, what is not mentioned is just as important as what is mentioned.This Treasury Reg section, taken together with the IRC Sec 469 helps establish there is no definite carryover period for passive activity losses -- as opposed to NOL carryover.

I work with a well established independent brokerage, Austin Texas Homes, and could not be happier.

I talked with an attorney and his advice was to try to establish a new contract with the squatter.

Steps to take:1 - Establish your set of financial goals. 

As an individual owner, you could walk the units with the current tenants to establish the current state as the standard if/when they move out...?

In terms of being accredited, there're some offering for non-accredited investors once you establish and maintain relationships with the sponsors.

When established correctly and operated well, running by the same rules of an LLC, it does not place the LLC at a higher risk of being pierced. 

This will give you a slight jump start ahead on establishing credit which you will probably need to make this a reality.Second thing that will stand in your way is debt to income ratio.

Hey @Neal Royal Besides what you already are doing, I would set a goal of how many properties you will analyze weekly, establish a criteria of the exact property you are looking for and go after it.If you don't have the funds as of yet, set a goal of weekly savings and of ways to earn side income to expedite the process

Not arguing, just a counter point: Housing/rental shortages are almost always caused by zoning laws and restrictive building codes that make it difficult or even impossible for developers to add to the supply of units in a growing demand area.Often established property owners in the area fight FOR these codes to keep the competition from driving down the rents on their existing buildings.