@Hen Ley - For myself, I've always included both borrower and lender title insurance policy coverage to protect myself and my private lenders, and this expense is completely on my buyer's side of the HUD at closing to cover this expense on behalf of my lender.

Everything else, including whether to invest locally or in other markets comes secondary.  

Have a personal budget that includes your meals and some new boots and some new clothes, haircuts,  and things like that every once in a while. 

Charlotte is experiencing so much growth, including the surrounding areas like Rock Hill, Lancaster, Concord, Chester, and many other cities within an hour proximity.

I was biased going into the research that 2024 would be "go time" - that the "Crash" in valuations would present buying opportunities in a historic way. 

So LP do get the advantage of these deductions to the degree they are used to offset rental income.Here are some numbers to illustrate:$100,000 rental income less $80,000 of expenses including depreciation leaves $20,000 profit.In this case the investors do benefit for the $80,000 in expenses and depreciation as they are only taxed on the $20,000 profit.On the other hand if the numbers are $100,000 rental income less $120,000 of expenses including depreciation for a $20,000 loss.As you note, the $20,000 loss is passive and can’t be used to offset W2 income.

Looking to make a Tax presentation for my Father in Law who LOVES 401k's (with pros and cons) vs investing in real estate as a real estate professional.Would love to have some help here from a licensed professional who can provide insights into both strategies.... and if you already have a presentation put together that would be GREAT!!!

Yes, property management companies, including those with LLC structures, commonly provide a W-9 form to investors.

A simple way is to craft an offer that includes what the agent get's paid or you can pay the agent separately at the closing table. 

For example, you can check out the top 10 podcasts, Facebook and Instagram pages, and YouTube channels to see how they present themselves.