I know results will be highly dependent on many things.

@Paul Yousef The benefit of cost seg is dependent on the amount of '5-year' property (i.e. non-structural components in the building) that can be identified, 'segregated', and accelerated.

I go to Papersource and it depends on your objective with investing. 

@Rick Delgado,It all depends on what you want.     

It's better to just reference the actual law as the answer is, of course, "It depends."

Whether they are active realtors or active investors that depends on how flat or fat their wallet is.

I had talked to my accountant about it and he had mentioned that it could be difficult to take the passive losses since I have a property management company depending on how involved I am in the business.

Legally, depending on your state codes, you probably need to give more notice.Learn you state regulations before you take over the business.

He could buy an two-flat or apartment building, depending upon your area, that needs a gut rehab. 

Depending on how good the deal is, scratch the owner financing and see if a bank will finance the entire deal plus the down-payment (kind of like a blanket loan on all 8 town homes with a cash out option) - this would require a very sweet deal. 4.