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

Also I operate 5 STR's myself over 95% performa so I should have some experience in this realm to provide some insight. 1.

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.

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.

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

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.  

Similarly, using services like insurance back office support can streamline operations.

It’s wild that other budgeting apps can handle these connections seamlessly, but Stessa still struggles.I’ve been on the verge of jumping ship myself, especially considering how much we pay for Stessa Pro, and I still face these limitations.

Given that this website invented the term "house hack," it's only appropriate that BP as a business pull off an "office hack" - and btw, yes, the financing is better for owner operated offices, as well) that blunts much of the risk.We all know folks that purchased lots of SFRs in the aftermath of 2008, I also know some folks that purchased offices in the aftermath of 2008.