Make sure to connect with local lenders and brokers too as it's beneficial for achieving your real estate goals. 

This status is achieved by materially participating in your real estate activities.

However, with strategic planning and assistance from experienced real estate accounting professionals, it may still be achievable for part-time investors.Primary Occupation: REPS is primarily tailored for individuals whose primary occupation revolves around real estate management and investment.

There is certainly a case such as certain STR activities which may qualify for being able to be considered active income, but it's somewhat difficult to achieve this or material participation status where I think you're currently at.

OR put 50% upfront to make the numbers work, which is a high barrier to achieve. 

I'm live in Old bridge, NJ and due to high property taxes in New Jersey, PA seems like the best state to invest in(Tavel time ) I'm trying to identify rental markets and research, while trying to establish a team.I've done some research and came up with a few areas in PA include Allentown, Lehigh Valley, Bethlehem, Scranton, reading and Kutztown I'm hopping to cash flow between $100-200 per unit is possible (with property management), and can reasonably expect some appreciation in the next 10-20 years (2-4% per year would be ideal, though achieving positive cashflow on my first purchase is my #1 focus).

You're in the right place, this community is full of resources and like-minded folks to help you achieve your goals.

That means more doors to achieve the same amount of revenue as a PM in a higher end market.

Brandon Turner has a great book on creative Real Estate financing strategies: Investing in Real Estate with No (and Low) Money DownSurround yourself with those achieving what your goals are.It’s so important to surround yourself with mentors in the real estate business.

Establishing a working relationship with a CPA can help you make informed financial decisions, stay in compliance with tax laws, and achieve your long-term financial goals.