Could be a good initial strategy for you especially if you like to DIY.

I recognize the invaluable role that lenders, property managers, wholesalers, and licensed contractors play in the success of any real estate venture, and I am eager to collaborate with individuals who share my passion for achieving excellence and prosperity in this dynamic industry.

I grew up blue collar and my dad was a contractor, so I'm very much a DIY guy and think I can reasonably handle property management. 

I sold one house this summer when prices were high and made a tidy profit to invest in another real estate venture. 

🏡While I'm not new to real estate investment, Canton is my newest venture, and I'm thrilled to explore the opportunities it offers.As I expand the reach of TYA Group to cover both Canton and North Canton, I'm looking for like-minded individuals to join me on this journey.One of my top priorities right now is finding a realtor who understands the needs of investors and is ready to hit the ground running in the Canton market.

Venturing into real estate investments in Memphis sounds like an exciting journey.

I currently invest in PA with plans to venture off in in New Jersey also.You have an option of hiring a property management company or self-managing if you decide to invest out of state.

It is the opposite of active income, which is income received from a job or business venture that requires active participation.

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. 

  - There are a lot of good folks on BP who have been in the game a long time and can vouch for different QIsAs for your DIY model: you can't do 99% of exchanges on your own, the IRS won't let you.