Quote from @Gabe Chase: Quote from @John Underwood: Just curious how much do you spend annually on all the 3rd party software you use? 

I believe a large amount of our ad spend was spent to advertise the program.

How much time on average will I personally spend on this 4-6 month process if I hire a team?

If I had $10 for marketing, I would spend $9 on the lead list and $1 on some tool to do something with those leads.   

Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.

Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving my real estate portfolio (which is managed via a property manager) qualifies me for REPS status?

At some point bank has to know their customer and will ask why I get all these $50,000 checks, but no spend. 

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

If spending cuts are not enough to pay for big tax cuts that will make the deficit worse, and possible tariffs/price increases.Lets hope Elon and Vivek and have a monumental reduction in Gov't spending. 

If I'm spending 500k... my profit should be higher?