Best Scenario To Setup - One Person Active And Other Pasive
Mantis,
The asset protection plan with sleepy/grumpy and then Doc holding it makes a lot of sense. I want to setup my wifes asset in this way but on the other hand following the same structure - is it possible to setup "Active Investor" status for myself. I want that the active losses from my RE investments offset the passive losses (Carried over for last few years due to income limitations) on my return. Any ideas would be appreciated.
thanks 
I would never tell them it is because of the size of their family. Generally the fair housing act applies if you have over 4 units unless you live on site, or you have a property management company handling your property. CVheck with a local attorney or sign up for prepaid legal.