Quote from @Hansen Tong: Hi Everyone looking for a CPA in CA that understands cost segregation, offsetting of w2 income through active short term rental partcipation etc. 

Lenders want to see two years of stable income before they loan money to you.

I just listed my last property for sale, a fourplex in Pocatello, because now I focus more on commercial RE and syndications to be a true passive investor and not deal with tenants and repairs.

Perhaps they want long term income for their retirement and ultimately their heirs.

., rental income potential).

Additionally, Fannie Mae and Freddie Mac will sometimes temporarily suspend the income cap on their HomeReady and HomePossible programs, which allow purchases with 3% down.

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

Real estate investing is not passive, even with a property manager.

Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income.

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.