Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

Recognize the challenges of OOS management or the cost of a professional PM.  

@Jeanette LandI always recommend using a tax professional.

I like markets with diverse job drivers, and it is always helpful to have major corporations locally. 

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

It’s great to see a fellow professional diving into the investment side of real estate—it’s such a rewarding journey.

Give them a short, professional notice and move on.Second, I don't think a specific form is required in Massachusetts.

I love the flexibility they offer for traveling professionals, military families, or folks in between moves.My main questions:Have you noticed increased demand for midterm rentals in this area, particularly from military personnel at nearby bases or healthcare workers at local hospitals?