You need to buy me dinner first mate hahaI’m not that easy 😘

And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.   

It's better than it used to be but they don't make it easy.

Now I own and self manage 29 SFR and find it to be easy.

The activity is essentially no longer subject to the passive activity rules, so even if your modified AGI exceeds $150,000, you can take the suspended losses in year of sale.

There are rules to follow!

Some states have outlawed wholesaling because it straddles the line, some states have rules about how you can and can't market wholesale deals, so be careful here.

Sounds like if you know and follow the rules you should not only be OK but pretty well insulated from competition (people swarming in and oversaturating)

A good agent will know the rules and regs for areas they want to sell/represent properties.My 2 cents,Mike

What Schedule can not do is contradict itself and it will always be over-ruled or governed by the LTB.