@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

Hang out with others that are doing what you want to do and invest your $25-$50,000 in real estate vs education. 

Since you said you are selling your building I’d argue you already have been a real estate investor.

What Does it Take to Achieve the Dream of Full Time Real Estate Investor?

It could be 10:1, you could have an 800 FICO, and $5 mill liquid.

If they start loosing interest in being a landlord, rents start to slip.Real estate is an inefficient, messy market.

Happy to send over some resources on why Columbus is a great real estate market to invest in!

I've read many of the BiggerPockets books like - House Hacking- Flipping- Estimating Rehabs- Multifamily Millionaire Book I and II- How to Invest in Real Estate with Low or No Money Down- Investing from a Distanceand even some outside of themand have been wanting to do something in Real Estate for awhile.

I am making some assumptions, but it sounds like you just don't have enough cash/liquidity to invest from a position of strength.