It's always best to start local and then gain experience as you go through the motions as a new landlord. 

Non-passive losses can offset non-passive income (like your W2).

And the surge in investor interest in “passive” real estate investments has given even syndicators with thin resumes opportunity to score significant capital from passive investors.

I've heard 10%-20% is the average net gain but I just want to be more clear about it. 

Hi, I'm new to passive RE investing in US.

Normally with long term rentals though, losses are considered passive activity losses and not released until you dispose of the property.

I’m excited to learn from your experiences, exchange ideas, and contribute to discussions as I continue to grow in this space.Looking forward to connecting with you all and gaining valuable insights along the way! 

I don't mind if I'm not 100% passive.

For a passive route, private lending or investing in syndications/REITs can offer steady returns without property management.

I do recognize the value and potential for great gains in doing a fix and flip and it is definitely on my radar.