Quote from @Devin Peterson: Quote from @Hassan Tejan-Kella: Hello all I'm a 6 year investor mainly involved in long term rentals.

This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."

I highly suggest you get involved in some of the local meetups.

, not so much for the profit we are making, for all of the expenses involve that surpass our profit.

With the cash flow number and the potential equity gain every year you can calculate your estimated return on equity - my hunch is that with $500k in equity it will not be great return.Another thing to keep in mind is that if you have lived in the current house for at least 2 of the last 5 years and it has appreciated a lot while you have owned it then you can sell with little to no capital gains (there is a limit that you may be pushing with that much equity).For those reasons I would probably consider options that involve selling.

Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.

Unless you come from a corporate job that is involved in this field, it is not a place I recommend to start.

Unfortunately, these are considered “investor hours” and will not count unless Jackson was involved in the day-to-day management.

Using Airbnb isn't going overboard =) It really comes down to how much you need the income, and hence how important it is you get eyes on your listing so you actually get bookings.

I’m planning to take my broker’s exam in the near future to expand my skill set and deepen my involvement in this space.I’d be thrilled to discuss the current state of the market, challenges, and opportunities, and to exchange ideas with others.