@Jessica DiPonziano I moved to a small community 2400 people in the summer, probably 30,000 people in a 45 mile radius 28 years ago.

I may also be naive, but I like to give people a chance.

Typically the people who arbitrage properties are operating complex's with 10+ units at a time. 

I only ask, because most people are not sitting on $400k cash (obviously this is just my example) to effectively buy a new house without a mortgage.  

Crazy idea - How about asking your tax professional instead of a bunch of people on this blog that have no clue about if you qualify for RE professional status?

@Kyle KingIf you don't get the answer you are looking for I would suggest connecting with a lender in your area. 

Get the people who are potentially making the decision to give you more details and specifically what it would take to get it done.

Let me know if you think a situation like this is possible or if you can think of another scenario to handle this Hi Troy, I know what you’re asking but in a very roundabout way happy to connect more to talk in detail.

Would love to connect sometime! 

Happy to connect and assist you in your real estate investing journey.Happy to connect if you are interested to expand your portfolio@Albert Bui @Carlos Valencia