Startups can pull in loads of money without a solid plan for making a profit or sometimes any immediate income.

Hey April, your CPA is correct in the sense that you can only write off passive income against other passive income.

Peace ✌🏻  You have the potential to earn more money if you do the rehab, source the contractors, determine the ARV etc.....You also have a higher risk of failure.

Hello,Has anyone heard of or invested with a group called IPG Fixed Income Fund or their IPG Fixed Income REI fund?

For your first unit, unless hiring outside management which means giving up 20% of earnings, you're going to have quite a hurdle to operate a place remotely.I don't necessarily think looking at market specific data around the country and thinking you can just dive into that market and do well makes much sense.

It's a great opportunity for my family to have some additional income down the road.But man, it is tough telling a young family with 3 kids that aren't going to be allowed to rent the house due to prior collections owed to landlords and vehicle companies. 

If you use onsite PM, don't plan on buying a yacht with your earnings :)

Have a temporary income plan for the property hopefully going in within the next month so I can better work on building.

This could be as high as 18%, per the statutory maximum from FSS 197.172(1) or, very often, as little as 0.25%.197.472    Redemption of tax certificates.(2) When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory minimum interest of an absolute 5 percent shall be levied upon the face value of the tax certificate. [...]Translation: When a property owner pays their delinquent taxes and thus redeems a tax lien certificate, if the certificate has yet to accrue a total of 5% at the rate at which the winning bidder won the certificate, then the winning bidder receives 5%.

There are investors who offer them but they usually oly offer 60-65% LTV/CLTV plus it required No income - just rents.