I am interested in interior decorating / designing and residential drafting.

This appears to be another article designed to capture eyeballs by creating controversy. 

Furthermore, you will have some passive activity loss limitations to deal with, presuming that you do not qualify for the "Real Estate Professional" designation in the next two months.

Agreed, I think these articles are primarily made as clickbait and designed to give homebuyers false hope of an impending housing crash.

Virtual offices in Spain usually include a professional fiscal and commercial address specifically designed to meet legal requirements and protect your personal assets.

There are also loans that are specifically designed for this type of property if there is enough work that needs done.  

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Acquired a double lot for $112k after resolving title issues and paid $360k for construction, creating a 6-bed, 5-bath house designed for co-living or multi-gen use.

It is designed as a credit builder as they only report "paid on time" payments.