Then comes Chip and Joanna Gaines and their hit show "Fixer Upper".

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.3️⃣ Capital Gains Exclusion: Sell your home?

Hi - are there any scenarios in which mid-term rental income/losses can be considered as active income rather than passive, besides when one has REPS status?

With $141K annual passive income after expenses, you’re looking at a solid return on your investment.Based on your info - my analysis is below:Your purchase price is $3,900,000.

I wanted it to be passive since I have a full time job in tech and cannot do what "boots on the ground can".3.

I don't know much more specifically so ask your CPA about gift taxes (I think she could give you $17k of gift money a year without taxes) or capital gains taxes if/when you want to sell. 

CA in particular would extract a nasty tax on the gain side.  

Networking with other investors and attending local meetups can help you gain advice and opportunities.

I'll update you on it all, as I gain more clarity and do some deals. 

It’s a neighborhood that’s gaining momentum as more investors discover it.Key ROI Factors:Low entry prices compared to other urban neighborhoods.High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.4.