Of course Gene,Your losses offset your gains.You can even carry losses into future years.Please consult with a tax professional though ;)

Readers should seek professional advice.

If you are a landlord I would strongly recommend that you seek professional property management solutions elsewhere or fully be prepared to chase down your property managers for their services.

I'm a long time professional property manager and I'm not afraid to deal with delinquency or other legal matters myself, so I only pay for the services I want, like screenings and the tenant payment portal. 

Save yourself the hassle and avoid these common pitfalls no matter how much you like the name or "professional" you believe the entities may appear.  

Building a solid team is a smart priority, as real estate investing is much more efficient when you have a trusted group of professionals→ agents, contractors, lenders, who understand your goals and the local market.Your plan to own four long-term rentals in the next four years is both realistic and attainable, especially with the type of property you're targeting.

Networking with other professionals is crucial because it opens doors and provides insights that may not be apparent on the surface.Resilience is key, as market fluctuations and setbacks are inevitable, but those who adapt and learn from challenges come out stronger.

I'm new to being a landlord, and it's a little disheartening as this is my first tenant and I thought I was minimizing the risk of a bad tenant by renting to traveling professionals.

Some are professional and most posts are technically by the rules, but when you see three people from the same brokerage hop on the same thread, it's too much.

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