I came across Bigger Pockets a few months ago and have been learning on my own by listening to podcasts (RE Rookie, On the Market, BP RE Podcast) and reading the various recommended books every chance I get.

One day, I would like to syndicate a deal amongst people I know very well to kickstart my RE portfolio as well as provide them with great returns.

The subtract off selling costs which will get you to near what you paid for the property (which will net you a small amount after paying off the loan and the missed payments).Before investing in next RE 1) get you finances in order 2) build up adequate reserves 3) learn to analyze the numbers better.  

I’ve spent most of my life in California (SF/LA) and have been in Pittsburgh for only two years, so I’m still getting familiar with the area.Does anyone know of RE agents in Pittsburgh who specialize in STR investments?

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

Hi @Muhammad Kashif, It's great to see you starting your RE journey!

Now I'm re-entering the game, with the basic goal of assembling a $3 million portfolio of rental properties, with a focus on midterm rentals.

Hello BP new to the forms and new to RE investing.

Obviously, I need a job and want something in RE so that I'm in the loop & can learn from to apply my skills and experience towards REI. 

We would meet once a month and just hold each other accountable for the steps we are all taking in building our RE business.