On this one, I'd say that it's fairly unlikely that investors buying strong cashflowing property would have taxable losses, even factoring in the depreciation.So there can be value in being a RE Professional, but it's for the minority of very high earners, and those with low-yielding properties generating tax losses.I think all of the other tax benefits of being a RE investor are available to all landlords.I do think having a dedicated spouse might make a more compelling case to the IRS for certain deductions, such as the home-office deduction.

Marcin G,I recommend breaking it out evenly, or apportioning it based upon the rent, another method would be to if you are a REP (real estate professional) is to dedicate a separate section of Schedule E for non-specific expenses and tools.

I'm studying with The FortuneBuilder Mastery coaching program and I'm really dedicated to learning as much as possible.

It takes dedication and unwillingness no loose.

If they have a dedicated bank statement, that is obviously nice to see, but probably impossible to get.

I work very long hours so I can't dedicate the amount of time it takes to be a wholesaler.

I have seen both platforms and from the little exposure I have had with GD, I felt Dropbox was more polished.

They knew about what I was doing and had seen my dedication. it's kinda like that quote: The harder I work, the luckier I get.

Good pointI have all the time in the world to dedicate to putting RE deals together & working hands-on.What burns me is the time it takes to ensure IRS compliance !!!!!

I am estimating probably about 1,200That sounds high.We do it ourselves so its just the cost of the new panel plus any ancillary breakers to accommodate an elect stove/dryer, dedicated GFI circuits & wired in smoke/CO detectors.I would check with the guys at your local Home Depot etc & see if they have someone more reasonable.