- and the entrepreneurial mindset:"How much income will it produce?""

With the partial garage conversion I'll have more living space than the house listed at 380k which is a bit outdated itself.As far as projected STR income airdna says this would produce 60k/yr.

Estimated Completion- 2025The Pearl:Atrium Health, in collaboration with Wexford Science & Technology, is spearheading the development of the Pearl Innovation District.

It certainly is more than SF Bay Area, but is not anywhere near the 1% model.The last property I purchased was in Nov 2021 and my model, which is very conservative, showed about a 1% CoC with 75% LTV on a 30 year fixed at 2.75%. 

You can use up to $25k a year of those passive activity losses if you are actively participating in your real estate ventures ("small landlord" exception) and income stays under $100k a year.So yes it can be useful if someone happens to fall under these circumstances, but for anyone who is going to have over $100k a year of retirement / other sourced income, they may be out of luck.It's all timing - you are just using up those PAL earlier than if you waited for the rentals to start producing taxable income (they normally do if it is a good investment), or a property is sold and PAL are released to offset that income. 

or just an individual with self produced contract?

In the ever-evolving world of real estate, innovation is the name of the game, and generative AI is leading the charge into a realm of boundless possibilities.

It's not demanding top tier industry(like tech or some form of innovation). 

Network and try to find a mentor in these groups or wherever you can to help guide you through this industry.But if your market doesn't provide the cash flow you're lookng for I would check out single family and duplexes in Cleveland, OH that can produce strong cash flow such as 44102, 44109, 44111, and 44135.Go into Zillow under rents and look at days listed and contacts.

I'm almost at the point I cannot pay retail any longer as it's always cheaper to develop our own new buildings or systems. https://www.alibaba.com/produc...