I’d also be looking at property management (likely long term PM, although not ruling out short term PM).  

However, over the last 20 years there have been some favorable plms and rev rulings (particularly surrounding trusts) that owning a membership in an entity and converting that to tic still equated to the same level of ownership. 

So, you may want to rule that one out.My understanding of Baselane is it's an online banking platform with some cash flow features rather than a property management software.You may want to check out Buildium.

Hi John - Under the passive activity loss (PAL) rules, you can deduct rental losses against passive income. 

I blame the politicians that create rules that allow this.   

There is a reason that most states (including Connecticut) require property managers to be licensed, one of which is that they are required to have basic education on the rules and laws governing the practice.

State, County, City rules and regs every one is different.

I can't speak to the BP rules and how they are enforced and things like that, I was actually pretty surprised they banned him.

SEC is still finalizing the rules.

Thank you.The general rule I go by, after flipping a ton of houses, is that I regret selling them now.If you buy them right (we’re an exception, as we buy at 7 to 15 cents on the dollar) and rehab them properly, you’ll get a ridiculous profit by keeping them, using strategies like the BRRRR method.Honestly, it doesn’t make much sense to sell them right away if you bought them right.