@Stephanie Irto on an unrelated subject, can you forward a contacts for good property inspectors in the San Diego area.Thanks

There is a net passive loss allowance for residential rental property that let's you take a deduction for up to $25K in losses from your rental activity subject to income caps.Are you saying that you don't have any other income and can't use the net passive loss allowance?  

Only downside is how hot the market it, and you're buying high because your selling high.  

Lakewood is a hot market, I advertise, live and invest in this city.

., as well as lots of podcasts and blogs on the subject.

@David Thompson  on your syndicated deals do check into withholdings and tax treaties along with many countries the currency has been hammered and the US is just not hot right this moment

Hi All,I'm working on my first subject to deal and the owner has a problem that I'd like other investors input.

I wouldn't normally be able to demand such things, but since I had multiple offers and my RE market is so hot, I was able to get away with it. 

Always do the analysis numbers to make sure you have a good deal and try to look at a property before you make an offer until you have some experience or at least have a clause in the sales contract that gives you some time to inspect the subject property and possibly back out of the deal without a huge penalty.  

Oh and for what it's worth unless it is just a smoking hot deal please don't find a house on the MLS, negotiate it down a few thousand, get it under contract, then try to flip it to an investor.