I see the rentals as wealth building and flipping/development as a job (with ordinary tax structure).

Hopefully, your lease says the tenants cannot modify the property without your permission.Some of the other items could be ordinary maintenance requests or something you are just stuck with.

Suspended losses from cost segregation are released and can be used to offset ordinary (W2) income when a property is sold.

I have American Family.

If political regimes **** up their economy and try to solve the problem by printing money, the currency hugely devalues as it's done in lots of latin American countries like Argentina, etc. 

We focus in 12 markets in Florida, including SW FLWe are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group, Jake & Gino and more We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional buying side. 

Active = Income earned from Material Participation.Whether that's SMB, W-2, contract income, or prof real estate.This is income where ordinary tax is paid and losses offset other income.

@Peri Reischel I think some key topics to touch on is that we have the highest bankruptcy rate since 2008 there's a new survey out that says 26 percent of Americans are paying 50% of their income for rent.

...but between deprecation and ordinary expenses I'll be at a massive loss each year. 

I can appreciate skepticism and people not just throwing themselves at something with the classic dogma of American society.