Wholesaling and fix and flipping are the most common, and these both require significant time, effort and money.Passive investing in rental properties still requires significant time, effort and money to acquire properties, as well as good credit and a good debt to income ratio to finance the properties. 

Acquire home 3. rehab - managed by our contractor4.

We recently acquired a fixer upper by buying it 'subject to.' 

In addition to not paying their rent on time, they have also been operating an illegal prohibited business a yoga studio!

@Lauren Keen I am not sure one way or the other if you can take the deduction since I don't have all the facts, but I can tell you that the real estate professional designation is not a requirement to take the home office deduction with respect to a rental activity.There is nothing in §280A (the home office section in the tax code) that mentions being a real estate professional is required in order to take the home office deduction for your rental activity.However, in addition to the rules regarding the space itself, there is the requirement that the taxpayer's rental activities rise to the level of a trade or business, which the Treasury has conveniently never defined for us.But it seems that rental activities would rise to the level of a trade or business if the activities are substantial, regular, and continuous.However, there is a case, Curphey v.

Pretty much every bank/ lender will have additional overlays on top of Fannie/ Freddie minimums.

Till then adequate insurance and minimum equity in your properties is enough.LLCs will make it more difficultt to acquire financing.

Additionally, wholesaling is a short term strategy for raising capital for multi-family investments.

Eventually, if successful profits will be used to continue to purchase additional properties with the same arrangement.Are you saying with this structure we would be considered a "Syndication" and would need to abide by SEC rules?

I found BiggerPockets researching ways to make additional income so that I might be able to afford the house that I am renting now.