Now, if you were NOT a "real estate professional" you would only be able to:grab the rental income ($100k) and subtract that from the rental expenses/depreciation ($117k), now that extra $17k loss can only be used to offset future rental income, not the W-2 income and dividends and interest income. 

@Vidit Maini Until you are an ESTABLISHED business I would recommend just keeping track of your mileage for deduction as opposed to spending the extra money to buy a “company vehicle”.

HELOC: The Best Tool for Smart InvestorsWhy It Works:Pay interest only when you use it.Got extra cash?

A pool can be a big liability, but can also be a bonus for the right tenant that is willing to pay extra for that amenity.

Went through extra fast because the developer really had no other good optionsI doubt we'll know the full details for years to come but I'm curious if you have an opinion, or if there's other probable options C,D,E I could be missing as just a public bystander to the situation @Rene Hosman It's very rare that anything gets done quietly behind the scenes.

This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.

Look to see how you can earn extra money while also cutting your spending. 

I think if you have a little extra time, operating a smaller STR business can pick up some good income.

The other thing that was nice is that you can pay the loan back as soon as possible but they didn't allow extra payments. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!