I would skip RE entirely and put everything in bitcoin.

I would be very cautious on the rental property-I am not convinced that rental property will not qualify for the new deduction-borrowing from Hedge Fund land -trader vs investor-it is not defined in the code and as alluded to previously trade or business under 162 goes to case law-in financial services one of the items to determine a trader-which is a better tax position (deductions not subject to AGI 2% limitation)-is regular and continuous activity-lots of trading-turning over portfolio multiple times a yearIn Real Estate World-if someone owns 6 or 7 houses and is always involved-think tenants, busted pipes, collection of rent, evictions when necessary-can you say that does not rise to the level of a trade or business-why is a grocery store any differentI have looked around and I don't see any major commentators saying rental wont qualify unless common ownership (I did see the verbiage in the proposed reg and I think there is a different reason that was put it-something about aggregating rental with non-rental activity)Bottom Line-all I am saying is lets wait and see as comments are submitted to Treasury and not rule anything in or out as far as rental properties are concerned 

While the markets I have chosen may not have as much rent growth or cap rate compression as other top growth markets, I believe the lack of competition makes up for that.Just as investing in the stock market, or bitcoin, or anything, you want to be ahead of the heard as best as possible.

An alternative would be to use the extra power to mine bitcoins using graphics cards or ASICs and programs like nicehash or claymore.

If you buy Income Producing Real Estate at the right numbers (and know what you are doing) I think no other asset class compares.Some people's owned Real Estate portfolios are better for them than others.Some people want appreciation for sale, some want stable cash flow, some want big cash flow.Roulette can pay out 35 to 1 for a winning bet, but not many would consider that a suitable investment strategy due to the risk of losing.With Real Estate we can add value, enjoy the increase in value over time, get depreciation benefits on our taxes, control the income upwards by improving it, or getting better management, etc..And stocks, bit coin, gold, etc.. is not gambling how (you have no control over them)?

Reno seems like a good place to WFH since we have many recreational activities (ski/snowboard/hikes), all the typical shopping/stores (whole foods, trader joes, coscto, 3 big malls) and of course nightlife at the casinos.

I've done well on some long term bitcoin investments. 

And they were big on bitcoin investing.

Bitcoin 

Lastly, if you have a trader's mentality (frequent buying and selling), your strategy should be different than a buy and hold type investor.