I have accounts at several different banks.

So, I have read several books and posts on here concerning offsetting income tax with passive loses or depreciation from rental properties, but I am still a little unclear as to how that all works and if I can actually use use rental property losses or depreciation to offset my house flipping taxes. 

He’s young but works with several other investors I know.

Rarely, for several reasons.Referral fees are normally paid from Broker A to Broker B. 

As long as the tech companies are hiring the home prices are going to expensive.So waiting for a drop in prices is not a great idea in my opinion.You have several choices:1.

There are several companies that offer multiple solutions such as rolling in the down payment, transitioning to a rental loan after rehab, etc. in the DFW area.

There are several lenders who require no seasoning period. 

There are several existing threads that would interest you. 

There are several companies that do qualified exchanges buy allowing you to hold shares of real estate indirectly, but the physical real estate assets are owned directly by the companies. 

I have called around to a several banks in NJ to see if I could find any that would allow a HELOC for a property under an LLC and am having a tough time.