In your case you have a lot of losses in the time you own the property but these losses transfer through to your personal tax return, so you can recover some of it and not have to count the full nominal amount.

Private lending is passive but in terms of taxes "ordinary income" and you cannot cancel out with passive losses that you get when you are an equity holder of real estate. 

What I do for my off-market deals is scrape the tax record for all LLC's that bought like-property purchases and then trace their name/number and establish relationships with them and bring them deals.

This applies more so based on location not on or in all scenarios that is why I mentioned avoiding a CALI purchase if possible.Hopefully that makes sense based on previous comments. 

The kids will get a step up in tax basis at that time and will be likely able to get the full benefit of the portfolio tax free.

I think if I was just starting out, I would avoid the expensive courses (I never did one but am thoroughly not impressed with folks who tell me about their experiences) and find someone who could do some 1-1 training and orientation to set me in the right direction and make order out of the abundance of options and strategies.

I’m looking to purchase my first fix and flip and would like to know more information and red flags to avoid when trying to do with business with lenders 

Is there a way for  TIC to accommodate this requirement so I avoid the mortgage boot?

Property tax for each city and county is very different13.

It's critical information to know, in order to avoid being sued, if & when it comes up.