If it's a part-time investment hobby, then it might not make as much sense, financially at least.

I know the addage if you treat it like a hobby it will pay you like a hobby but if I have some extra cash maybe it's better spent on a 2nd home with the potential for income vs. just using that money in my primary home. 

It sounds like you’ve got a great set of hobbies too—having that balance will definitely keep things fun as you work on building your portfolio.

The same level of diversification would be near impossible with only active holdings because we cannot be a expert on all things.I have my active investments which virtually always are off market purchased value adds (my hobby that pays well) and am an LP in some syndications (passive investments that also pay well).  

In this hobby, one attends a lot of meet-up to make contacts. 

Nice to know you have great health consciousness and have good hobbies 

Maybe you should get a hobby and stop being an internet troll.

Looking at real estate for sale is a hobby for many people.   

Some of my hobbies are  🧗‍♂️Rock Climbing🥾Hiking🏊‍♂️Swimming🎨Panting ✂️Crafting Wreaths, Jewelry

So partial deduction allowed up to 150kI would be careful giving him a deal on rents as the IRS could classify this as some sort of hobby or non investment property due to not being at or near market rates.