Hello all, I am posting this to gain some insight and a variety of different ideas on how to fund my next deal.

Pass-through entities are Schedule C businesses, partnerships, S-Corporations, and rental businesses (Schedule E) and LLC's who are taxes as the above entities.The income from each entity is treated separately, therefore, a loss from one entity cannot offset income from another entity.Capital gains are excluded from the the pass-through deduction calculation.

Forth, if you live in the property for 2 out of the past 5 years you don't pay capital gains if you sell! 

Get a few deals, get your feet wet, while still gaining knowledge on LLC, S-Corp, etc, then pull the trigger.

We are hoping to make this a crucial learning experience, so whether we succeed, fail, lose, or gain, at least we took action.

Hi Marc,You best bet is to compile a list of property management companies off of Google and call each company to see if they manage the types of properties you invest in and to gain an understand of their background and track record.

Anyhow, I'm very eager to get into the game and to start my journey to have some passive income for more financial security.

The lease is up in 5 months, and we were considering putting the house on the market (we were lived in the property for a few years and are trying to avoid capital gains taxes when we sell this investment income).Thanks for any suggestions as I have never had to go through a claims process this extensive in any realm.  

Ideally i would then like to use Rental Income from AirBnB to pay off source of funding for rehab on primary residence and being able to pull out profit from equity gained to use on another real estate investment.

I do think you have gained something in this experience.