If you have one unit but actively manage it, take the deduction.

There are professional business owners that can do much better but they tend to own many locations where they can scale and put in structure to get more passive and away from day to day activities.

There are several members who are active here on BiggerPockets with ton of knowledge, you can often see their names in forum discussions, try contacting @Michael Plaks or @Nicholas Aiola

I am originally from Mystic, CT currently active duty Military with 8 years left before retirement and I started looking into real estate investing as a way to augment our retirement income.

do you have any active contracts?

@Anthony Hummel we never know how many will make ti to a specific meeting but tonight there are over 35 pre-registered - probably 55-85 will attend - with about 80% being active investors.

-properties with deeded parking can be rent on spothero for additional incomeI found (as the everyone else knows, no secret) you can get higher rental rates with more active leasing methods.

We also have a very active local Facebook group you can join.

For all they know you could be a criminal, ready to break into the property if you find out it is vacant. 

@Jesus Ramirez Income from wholesaling is treated as active income, subject to self-employment tax in addition to regular income tax (at ordinary rates).An LLC is one option but your entity structure should be decided after a full analysis of your situation by your CPA and attorney.