I am also a real estate professional and I use DIY cost seg to do algorithm based cost seg studies.

However, if you or your spouse can meet the Real Estate Professional Status (REPS) requirements by working over your w2 hours in real estate and materially participating, the rental losses could offset your active income.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Develop a professional website and engage in professional SEO

Readers should seek professional advice.

I'm a project manager that serves as a general contractor for real estate professionals.

Quote from @Audrey Scott: My professional advice is to develop a clear repayment strategy to ensure timely payments and avoid potential financial strain. 

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

Overall I would recommend talking to other investors or professionals  familiar with the strategy and having a solid system for tracking material participation.  

Most of our tenants are traveling healthcare professionals, so we’ve tailored our lease terms to meet their unique needs.If a tenant needs to terminate the lease early due to their contract being canceled, we allow them to break the lease without a fee, as long as they can provide proof.