@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.

I'm a real estate investor in other parts of the country but not NY due to the extremely high buy in price.

Overall I would personally consider how I can still grow with the freedom that I have focusing on my real estate.

For real estate investors, adapting to these changes isn’t just about avoiding fines—it’s about protecting your investment and maintaining a solid reputation. 

I own a wellness facility, but also invest in real estate, and help investors.

I’m also interested in connecting with local investors, real estate agents, and lenders who are open to collaborating on new opportunities.

You can try to attend virtual events, many real estate meetups and events offer virtual options.

Welcome to BP.My biggest piece of advice is to understand risk premiums in real estate.

I've also signed up for New Orleans REI meet ups in the upcoming weeks in hopes of making valuable connections in the local market. 

While I’m new to the business, I’m eager to learn, grow, and connect with local investors, landlords, and fellow real estate professionals.