This is because REPS reclassifies rental losses as non-passive, allowing them to fully offset active income.

I don't care if I'm ahead or behind of anyone else because my goals are not relative to anyone else's progress.I get your point that staying active keeps your skills sharp and that if you're active when others aren't you will have access to opportunities that they do not.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option. 

One is humid and one is dry, the types of activities to do are different in each city, take a look at where you would be the most happy as well if you're going to be living there!

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

We are only allowed to screen non-tenant applicants for criminal and rental history, nothing financially related. 

We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

For S's and G's, below is the most expensive SFH on the market in Tokyo right now, followed by one of the least expense:https://www.homes.co.jp/kodate...https://www.homes.co.jp/kodate...The condo market is probably more active than the SFH market, but I don't have much insight there.  

He's an active STR investor and investor focused agent.