You can deduct real estate losses against W-2 income provided your modified adjusted gross income (MAGI) is under $150,000.

You likely won't be able to take any deductions on your personal income, but real estate does have tax benefits.

Hi Daniel,Here's what I would do- Avoid courses.Talk to successful STR owners in your area and ask a lot of questions.Watch the main STR shows on YouTube including Bigger Pockets, Jesse Vasquez and those that show the caliber of the homes, ie Levi Kelly.  

It's 2 properties, single family homes, in the SF Bay Area.Sharing some details that might help inform the decision, let me know if anything else would be relevant.One property fully paid off, generates between $20-30k in profit after expenses (property taxes, hoa, insurance, etc).The other property is our current primary residency and would operate at a loss of about $10k/year.I plan to travel back to the US at least once a year, could that be a deductible expense with an LLC? 

Plus, I get to deduct legit business expenses and also depreciation on my taxes.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Their deductible $100K, it's ridiculous amount for a townhome..

Both from  finance standpoint, deductions, rent for equity, etc.  

. $800.00)   (note this would be less than ordinary income paid otherwise, plus 50% of SE tax is a deduction.)• $4,200 contributed to solo traditional 401, then converted to Roth. 

This makes it easier for landlords to find tenants and generate steady rental income.Favorable Landlord Laws: Florida has landlord-friendly laws, which can provide landlords with more control over their properties and make it easier to manage rental units.Tax Benefits: Real estate investments in Florida can offer various tax benefits, including deductions for mortgage interest, property taxes, and depreciation.Appreciation Potential: While past performance is not indicative of future results, many areas in Florida have historically seen strong appreciation in property values.