Using depreciation to offset active vs passive income

[Aaron Murphy]

I am in the process of setting up a house I have recently purchased to be a rental property.

My understanding is that I be able to use depreciation of the asset to offset income from the asset so that the property shows paper losses for tax purposes.

I read that if you are considered a real estate professional you can use those losses to offset active income as well.

Since I work as a consultant to Commercial Real estate professionals I was wondering if I qualify to do this. Does anyone know if that is sufficient to receive that tax treatment?