It's your job as a landlord to respond to these things in a professional manner. 

To avoid any missteps, I am seeking an experienced partner to help double-check my findings and potentially invest together.

Readers should seek professional advice.

Good afternoon,I am seeking help obtaining market data to calculate the cost of living and estimate rental expenses in the US. 

A prudent investor doesn't seek quick riches through shortcuts.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

I attended local meet-ups, joined real estate associations, and even reached out to experienced professionals in my area.

Readers should seek professional advice.

It’s great to see your enthusiasm, and you’re in the right place—this community is full of knowledgeable and supportive investors, professionals, and entrepreneurs.

Remember, a prudent investor doesn't seek quick riches through shortcuts.