Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

Electric and natural gas service may not be discontinued while you are in possession of your unit.

Many of them have tons of market experience and investment knowledge because of the nature of their work. 

Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.

I'm particularly passionate about BRRR, Mid term rentals, Money lending.Outside of real estate, I enjoy nature, travel, healthy cooking.Excited to learn and connect with you all! 

Anyone would consider a nice finished room with great natural light a bedroom, but in the off chance the tenant doesn’t pay rent then I would be in the wrong for letting he/she live there in the first place.

Being that it's upstairs, that unit will naturally be able to control it and the bottom won't.

Whether you classify it as business or personal income depends on the nature of the lending activity.

Like Tarik and Christine.. or than merril or any of the others. its a natural progression and the HUGE money is made selling the information. to be fair and balanced like Fox news.. there are always a % of folks that come through these trainings that do quite well and the money they spent forced them to take action.. its just the other 90% who spend the money and well never really do anything..

Plus, the relationship-based nature of private lending can lead to more long-term, win-win partnerships.Banks definitely have their place for more traditional loans, but for many investors, the convenience of private lending outweighs the higher rates—especially when time is money!