*Please note: As Dave mentioned, not all REITs allow for ongoing depreciation, but some do.

There's a ton of posts on this site mentioning the use of LLC's.

IMO, only worth it if you have access to enough capital to scale your efforts, though.Can't be compared.To do well in the lending game, in addition to controlling your risk and what others have mentioned, you need... 

Just in case anyone is wondering I am pursuing the REO referral program I had mentioned.

I also invest in the Indianapolis metro area and had similar problems to what you mentioned in Ohio.

The tax return you have should have a 'carry-over' schedule providing details as to what is carried forward to the next year, whether it be an NOL or a capital loss carryforward.As Michael mentioned above, there is no carrybacks at the moment.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Each renter profile comes with its own booking patterns and renewal needs, as you mentioned... but we find that a 30day rental period with option to renew and automated reminders to the renter works great!

My allocation I mentioned above is purely what I would do based on my current financial situation.  

@Wale Lawal I’m definitely trying to start working on most if not all of those things you mentioned and I’ll keep trying my best.