What made you interested in investing in this type of deal?

Who is doing what you want to do?

Thank you again for reading this post and providing any insight!

REPS status only means real estate rental activities aren't automatically passive.But the taxpayer, even if he or she is a REP, still needs to materially participate in the thing generating the losses.For what it's worth, a few months ago, I saw some advertising saying you could do this.

The thought I had was using my current primary residence (3.25 interest rate, $600+ differential between the mortgage payment and what we could rent it for) as an income property and purchasing a new primary residence.

What area is it in?

Any tips? 

Im not sure what to do next.

Eight percent is on the very low end of what I've been seeing.

I believe you said you closed on this in another thread.There are still some questions that we might learn from:  1.