Either hire a professional PM or put in the time/effort to be a competent PM. 

Consult a tax professional for optimal tax-saving strategies.This post does not create a CPA-Client relationship.

I am eager to expand my knowledge and gain valuable insights from experienced professionals in the industry.If anyone is willing to share advice or guidance, I would greatly appreciate the opportunity to connect.Thank you for your time and consideration!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

**not tax of legal advice, always consult professionals, just my personal experience!  

I'm also a realtor. with the real estate professional tax status.

If you consult two different tax professionals, you might receive two different opinions.

Establishing connections with motivated sellers, reliable buyers, and industry professionals is crucial for success in this field.

. - Are you or your spouse an IRS real estate professional? 

You will be able to use those disallowed passive losses: -Against other passive income -If this rental has net income in a later year these disallowed losses will offset that income-When you sell a rental those carried over disallowed losses offset the gains on sale Other situations you hear about where people CAN use the rental losses to reduce W2 income are where the rentals qualify to be Non-Passive This typically happens in the following two situations: Real Estate Professional Status- A taxpayer or their spouse spends at least 750 during the year on real estate- and more time on it than anything else.