Since rental losses are typically passive, the best way to offset W-2 income is through Real Estate Professional Status (REPS) (750+ hours) or Short-Term Rentals (STRs) (100+ hours and more time than anyone else managing the property), which allow real estate losses, including depreciation, to offset active income.A cost segregation study accelerates depreciation, generating large upfront deductions.

I want to diversify and I feel like the best way to accomplish that is through real estate.

Hi @Dylan Fraembs, welcome to the community!

I've been on the scavenger hunt trying to find it, county site has a summary only.

Once you have a deal they will guide you through the process and even help you attain the funding with out coming out of pocket or using your personal credit.

Reach out to real estate investors through LinkedIn, Instagram, or networking events for further advice and resources.Good luck!

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Is the paint latex, oil or water based?

I don't live in CA, and wasn't aware of the Prop 13 passing to the next owner if it's parent to child and both live in it as their primary.

Theoretically, I should be able to collect the funds from the deal, should my family member decide to go through with the deal.