Before finalizing anything, I wanted to get a better understanding of how to evaluate different real estate opportunities and what challenges might be posed. 

My non-professional understanding is that those losses can only be used to offset income from that property.

This strategy aligns well with the buy-and-hold model.Leverage Local Expertise: Partner with professionals like real estate agents familiar with rental markets and property managers who understand tenant needs.

totally disagree this is important for those who actually are in construction or rehab houses to understand the labor force and not discriminate against a certain class because of who they are or where they are from.. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I understand why this is the choice asset for many: they are inexpensive with no barrier & easily financed (easily attainable). 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.

I have been interested in real estate investing for a long time, but never really had the community, capital, or understanding of how.

If you have offers out on properties, make sure you understand the rent control levels they are under before you buy.