I’m looking to raise $160,000 to cover the purchase, renovation, and activation of this new Airbnb property.

In your scenario, claiming that $117k depreciation deduction could lower your taxable income from $700k to $583k, which is a huge benefit in the short term.As for the RE pro status, if one of you becomes a full-time real estate professional, you can potentially offset active income (like W2) with passive losses from real estate. 

I’ve been active in the Indy investment community for over 20 years.  

It’s a great way to connect with investors and professionals in the Phoenix market who are active in residential deals.Looking forward to seeing how your journey progresses—feel free to share updates or ask questions as you dive deeper into the residential side!

Getting rid of pitbulls, breaking up illegal activity, evicting nonpaying tenants, renovating to the studs so we can get higher rents.

Denver and its surrounds have particularly active markets and a lot of active individuals offering ancillary services so I'd suggest you research those available services you're looking at offering to help you get an idea for what is well covered, what is lacking and what your competitor's pricing looks like.

So this is a new one for me... Listing price is at 130k and agent mentioned that the seller has wiggle room to drop the price. However, there is a mortgage on it with about 80k left, is it even worth trying to still g...

Cameras are motion-activated, can give you alerts, you can record the video and access it from anywhere, etc.

Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.

As I'm new to this domain, I would to hire a consultant to perform some zoning and other due diligence activities.