So i have recently bought my first 3 investment properties last year and everything is going almost perfect (praise the Lord). 3-4 people who are close to me have heard what im doing and all are willing to invest some...

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

I have used this method for about 11 years over multiple buildings with no issues at all.I do not like the third party vendors you mention, for two reasons. 

Would you go with one property, multiple smaller ones, turnkey, light rehab, long-term or short-term rentals?

I've seen multiple posts and had multiple people tell me that their will be some issues when trying to become a real estate investor with a full time job as an agent. 

first step to use a good attorney. 2nd that one of you actively participate to qualify for materially participation test, which can qualify you deduction as nature changes from passive income to active. maintain proper record e.g. log book etc...

The craziness of keeping up with multiple personal and business insurance policies is beginning to wear on me and I was wondering if anyone knew of an agent/company that would offer some sort of "umbrella" policy that would cover a group of assets in both TX & OK similar to these; Primary (valued at over 2M) and secondary home (valued at around $500K), personal higher end cars over $100K/exotic & classic, boats, 2 LTR homes all in Texas and 2 LTR homes in Oklahoma?

As far as the sell one, buy multiple question.

A single bathroom or flooring refinish lets you test communication, punctuality, and workmanship before committing to a full-unit renovation.Check lien and permit history via county land records and the Baltimore County permit portal; repeat liens are a red flag.Use milestone payments.

That’s what my current lender is telling me here in Utah but I’ve heard multiple people on the podcasts, etc say they “walked away with a check” from seller concessions.