If the company would not write this policy this way, you may have an issue at claim time. 

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

I have listened to the BP Podcasts for a some time now, and thought I would pull the trigger on joining the community!

For example, if the job takes 20 hours at $25/hour, you’re looking at around $800 total.Expect quotes to be significantly higher, but use your formula to negotiate.

When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

Again, I used my parents but this time only as lenders of part of the money for the down payment.

You can pre-screen them for free, then run the credit/criminal background only for those that pass your initial review so you're not wasting time.

My parents live out of state and the purpose was to give them a place to stay for an extended period of time and we will Airbnb it when they aren’t here to pay for the property.  

I do not think anyone in Cleveland will do a good job. 

We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc.