From: https://www.irs.gov/publications/p925#en_US_2022_publink1000...Qualifications.You qualified as a real estate professional for the year if you met both of the following requirements.More than half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.You performed more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Don’t count personal services you performed as an employee in real property trades or businesses unless you were a 5% owner of your employer.

I'm aware of 1031 when we want to trade up.I should maybe read about energy efficient improvements if that's a way to save taxes.

Friends say that I am a "jack of all trades". 

My name is Jake and I am a full time firefighter/paramedic by trade.

I've been investing/trading stocks for a long time and trust me when I say that losing money hurts a lot more than the gratification of making money.

Logistics, Trades, and Fast Food.

*Owner's Extended Coverage = Extended Form Policy (everything in basic plus many additional coverages including post-policy matters, subject to different limits)*not available for investment properties in many statesALTA = American Land Title Association ... it's a trade association for the title industry.

But we find some MTR owners are short on time and rather trade money for time by hiring a PM.

Most of the good stuff trades off MLS so you need a realtor who is tied into the local investors

It serves as a risk mitigation strategy, providing a financial buffer to offset negative cash flow and acting as a reserve for unexpected expenses.Remember, every investment decision involves trade-offs and considerations.