However, as W2 earners, these losses are considered passive and can only offset passive income unless you or your spouse qualify as a Real Estate Professional (REPS) by meeting the 750-hour and material participation requirements or STR is used.

The reason not to upgrade, is that you won't get that much more income for the cost of the upgrades.  

The loss created by section 179 is limited to your total net taxable income amount from all "active" business income you have, plus any W-2 income. 

We’re looking to increase our lifestyle through the decrease in housing and built a little passive income medium term. 

This is easy for some people that have lots of friends investing in passive real estate opportunities.

I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!

I want to dispel the myth that laundromats are passive income.

Median incomes are an insane gap from cost of household/properties.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

My goal would be to build an investment net with passive income, de-risking the fact that I am the only earner.