Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

Just like getting your RE license you'll have to complete a specific amount of hours.

There are also facebook groups for various cities/states/communities where you can place and promote your listing.Happy to help answer any other specific questions!

And if you’re ever looking for boots on the ground, I’ve got a great network of investor-savvy agents who specialize in the Austin area.I’m here if you want to talk specifics or need an extra pair of eyes on a deal you’re considering..

For contract view it does not have to be that specific, you can have an attorney almost anywhere review a contract.

If Chicago, are you already working in any specific neighborhoods?

I'm an investor and flipper in the city, and I work for a developer focused specifically in Lowell as well.

I recently moved to Jersey City and I'm interested in buying a multi-family property in the area (specifically 07302/Hoboken and surrounding neighborhoods).

I saw your comments about not wanting to manage properties in two states, but perhaps you can find a great PM for the FL home.Regarding the numbers you mentioned above, it very much depends on the specific location.

Not bad, but a lot of work and hard to find a specific expense if I can't remember it when I'm categorizing the expense a week later in RH or something.