Excited for you and your wife to diversify and expand your portfolio. 

I’m a new investor based in WA state with an exciting opportunity to relocate for work in the U.S. and out of the 92 cities available, I’ve narrowed it down to 13.

You can break it out by general RE activities and material participation.

@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.

I'm excited about your presence.. are you open to different property types if the math works out?

Quote from @Feroz Penangwala: Hi everyone, I’m curious—how many of you are actively closing real estate deals right now?

Then I p;an to move out and find another project.I am excited to join the forums and learn from the vast wealth of knowledge on here, as well as (hopefully) benefit the community with some of my own learnings.Look forward to the journey.Franklin

I’m excited to get started on my real estate journey.

Welcome Malcolm, I'm excited to see your journey unfold.. what's your gut feeling about the New York market these days?

I wouldn’t be excited paying much more than the land value.