If I become a part-time real estate agent and have no other W-2 job, would I be able to qualify for real estate professional status?

The 5% is more of an industry rule of thumb, 10% is what I try to do, but I am more conservative and don't take any Distributions or Draws from my Real Estate.

The real question is can your sales support the rent? 

I'm  Ndenna (N is silent) from [Orlando FL], passionate about real estate investing for 1.5 years now.

Great Quotes I’ve Heard From Real Estate Borrowers in Court10.

For this post, I am trying to find out more about the real estate market local to me.

I'm Ali from Kansas City, passionate about real estate investing for 2-3 months.

This assumes the market rent for the unit I will be moving into.My goals from entering real estate are 1. add diversification in my investments (right now heavily invested in stocks) and 2. house hack, so that tenants pay part of the mortgageIn my current market, I have two options: a. buy older houses, renovate, bring the rent to market --> this will cashflow, but needs a lot of time investment which I don't haveb. buy turnkey properties: --> renovated and already occupied by tenants but may not be cash flow positive.I found a property that's type B.

I lived in it for a few years but during that time I wanted to get into real-estate investing.

I live in Truckee and sell real estate in both CA & NV.