You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

I suppose I could update it to work on real estate, but I am no AI expert.

The real skill is understanding the variability and risk in each number which is not always numerical or scientific.

Starting with an owner-occupied duplex is a great way to get into real estate investing while keeping things manageable.

We all know those that get on BP that are LPS and now own 5000 units or Co GP with no real ownership etc.. so those are legit questions to bad OP got so defensive and did not just answer the questions. 

The only real advantage to using an FHA loan is to offer only 3.5% down payment, which in my opinion is barely justified as an advantage. 

We actually do a real estate investor meetup on the first Saturday of the month in Kihei at South Maui Gardens.

I wish you well in your real estate endeavors. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I’ve been working with real estate investors for many years, and I’d love to hear more about your goals.