Investors & landlords

@Carl great answer.... you actually answered a few questions I was going to ask about how RE losses get carried forward.

 

Good advise - I'll pass on trying to deduct my exploratory trip.  

 

I do believe I qualify as a real estate professional b/c I am the contractor who is DIY'ing my rental properties.  I'm easily putting in 35+ hours a week.  From what I read in an IRS Publication, contractors / Rehaber's count as R/E professionals.  I don't think it matters in this case b/c I'm not going to deduct the exploratory trip which could easily be misconstrued as a vacation.