Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

Are you referring to personal losses or other people had losses?

Conducted personal research.

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

Personally CA scares me. 

I personally have no connections with anyone who is involved in this niche and I'm wondering how other people have started their journey.

Or a personal loan if interest rates aren't cost prohibitive?

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

@Reyna AyalaI personally feel this is overkill.