When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

We have not ironed out any details yet but we will put together a joint venture agreement ahead of moving forward with any deals.

We got in touch with someone who shared an idea of buying the portfolio through a joint venture, with refinances to pay the seller off.

—building deals & joint ventures  I'd start with the biggest and cheapest ($25.00) to participate in, AZREIA.org

Quote from @Erik Estrada: Quote from @Jason Wray: Erik,I am not sure and would never talk in a bad way about any business unless I used them but in the last 8 months I have had several customers reach out to fix what they could not accomplish on really basic overlay issues.I have been seeing a lot of these other AI type LOS type companies drop the ball during the electronic Approve U style 1003/1008 deals that lack typical DU/LP findings.Back in the day we would target this type of company data to reach out and either help on the 6-12 month refinance or the aged leads.   

My goal is to scale beyond single-family rentals and small multifamily units, and I'm eager to learn how investors break into the larger apartment complex deals—especially using other people’s money or with a low initial investment.I'm open to syndications, joint ventures (JVs), and partnership structures that allow for a lower capital outlay while maximizing potential upside.

My short-term goal is to acquire 8–100 units within the next 6 months, and my long-term goal is to scale to 500+ units through partnerships, seller financing, and joint ventures.Right now, I’m looking to connect with:- Experienced investors or agents open to JV opportunities- Mentors who can help me structure my first few deals- Anyone with off-market multifamily properties in Middle Tennessee or TexasI’m not here to waste time — I’m here to learn, move quickly, and make things happen.

Quote from @Matthew Hamilton: There isn’t really a “penalty” for having the property as a rental for three years, but you may lose eligibility for the federal capital gain exclusion if you hold it too long.Here’s how it works:The IRS allows you to exclude up to $250,000 of gain if single or $500,000 if married filing jointly when selling your primary residence, as long as you’ve owned and lived in it for at least two of the five years leading up to the sale.Since you moved out in March 2023, you’d still meet that “2 out of 5 years” rule if you sell by March 2026.

Local builders and national homebuilders sometimes joint-venture on land acquisitions too, especially if the path to 300–500 homes is realistic.If financing isn’t an option and the seller wants a fast close, you’ll need a partner with both capital and development capacity, not just private lenders.

Did you use creative financing (e.g. seller financing, rent-to-own, HELOC, take over sellers mortgage (subj-to-deals), joint ventures (with a partner) methods?