It sounds like you’re aiming to offset your W-2 income with potential real estate losses, which can be tricky if you don’t qualify as a Real Estate Professional.To qualify as a Real Estate Professional, you or your spouse need to spend more than 50% of your working hours and at least 750 hours annually on real estate activities.

It may not make sense for you, but people are definitely sleeping on Reno.

Recommendation: Contact a qualified professional.

I figured I have plenty of professional customer service and sales experience, so let me put those skills to good use and also cultivate professional relationships with investors.

I would also spend money on a professional photographer.

@Marc ShinI'd hire professional management...If it's going to be an STR, you really need it to be top notch, appear top notch, and be managed top notch"Minor updates" may not cut itBut I only have the limited information you posted

I don't want to give my opinion to you here based on my experience with clients but I would definitely ask your tax professional on their opinion because you might be surprised by their answer.

As both a property management professional and an investor, I can attest that the qualities you’ve mentioned are spot on.

I look forward to getting to know these markets better and connecting with fellow real estate professionals here.Any advice or insights you can share would be greatly appreciated!

Rental Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?