@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

Thanks Hire a new Property Manager.

These are professionals with additional training and a stricter code of ethics.

Hired a one man’s show property manager after 10 months.

I wonder if there is a way to web scrape for when a new realtor is hired or passed exams in the area so that I could hit them up immediately.  

A few years later, I hired a local Wyoming attorney to create a living trust.

Nothing like word of mouth referrals.Either way you definitely want a way to check/verify their work before hiring them.

My day job is being a financial professional, so I have good experience with underwriting and sales that I believe can be translated to real estate.

By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)

What’s your game plan for managing the park — hands-on or hiring a property manager?