There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Stop the bleeding and hire a professional.

How he solved that challenge was by establishing a network of professionals and like minded people in Real Estate. 

Challenges have been mentioned above in the description Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Treat everyone in this chain professionally, respectfully, and quickly.

learning to use bigger pockets to find a good PM Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

learning to use bigger pockets to find a good PM Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

(I'm not a legal professional - all I can do is tell you what I understand based on what I have learned.)

I'm a 35 year old professional that travels a lot for work, but still actively wants to invest in RE. 

I would also focus on finding deals along with networking with PMs, GCs or any other professionals.