I ran into this recent TurboTax article  that led me to believe it was possible: Second, you may have a net operating loss (NOL) if the Section 1231 loss is large enough to reduce your other income below zero.

Just want a software that does a great job handling the overall operations smoothly, a one-stop-shop for all PM needs. 

@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.

Not that it would take an MI6 operative to tell that something was off with that dude.

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

Living, but either way you could try speaking with existing owner/operators groups in the greater bay area, or even central coast, looking to expand their portfolios for a joint venture.  

Quote from @Chris Core: Looking to purchase my first investment property.

You still need to address their role in this situation directly or it will happen again as managing repairs is a core part of the PM role.

Test the waters with the sponsor for 3-5 years as they hold the properties in the DST, then decide if you want to align with them as a part of your long estate plan.Last (and best) recommendation: Ask your broker what the funds from operations (FFO) ratio is.

I’ve found a core group of people that I can trust, and I’ve learned how to evaluate the borrowers and good contracts to use to protect my money, and that's helped me immensely.