NOw I am not familiar with the legislative action you speak of as I sold out in 1992... but I do remember that one distinctly because of my loss mit  with my clients was very frustrating.. and unfortunately I did not have the 200k to just buy them all out ... that property sold in 1996 for 5 million... try as I might I could not talk sense into the hold outs:(

So weak." in a strong Turkish Accent "in Turkey, we say 'debt is a whip on the brave man's back, and shackles on the weak man's ankles."

., to the best of my knowledge, the Tax people do not make a distinction between "active" or "passive" Real Estate Investors, except how they define "RE Professionals".

My company operates to two distinct strategies, one for flip and one for rental.  

I hate to generalize but I find there is a big distinction folks who need financial assistance because they have a low wage job and those that are completely dependent on the government.... accountability mindset vs. entitlement mindset.  

Mike and Tom have very distinct personalities and how their scripts flow. 

Looking back on the true bargains I have purchased in both property and notes I believe they fall into four distinct categories1- situations where the seller needs a very quick sale and I’m able to pull the trigger immediately2- situations where the seller needs to sell and it has to be all cash because financing is not available.3.

If it legally distinct from you and has pass-through tax status. 

If you've identified two distinct properties, the specifics of those sub-markets, the property specifics and the financials associated with each should be what drives your decision.

The smell is distinctive - musty-wet-rotten wood like; usually a sore throat and allergy like symptoms will follow exposure for days.