Hey,There's loads of activity in Indianapolis.

First, is the $35k the annual rent from each condo and is that coming from the STR activity report from the seller?

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.

This is because REPS reclassifies rental losses as non-passive, allowing them to fully offset active income.

One who is active still and recently did a case study write up like this is Don Konipol, the other pops on every now and again and did a BP episode many years ago Aaron Mazzrillo so search those two names and read some threads.A more likely scenario is not what you mentioned as the ever growing note/value deal, at least not as outlined.

Have tons of activities? 

There is an active movement now to get this to the DOJ and state AG's. 

No 8 years LOL.I already stopped listening to RIA or whatever, until they all open their sponsor track record LOLThe only advantage of having DST is really because it's just like investing to MF Class A, but the yield and cap is so volatile right now, I bet the safest DST would be the one with less than fifty percent LTV. 

It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.

If one of you actively manages the property, pursuing Real Estate Professional Status (REPS) could unlock full deductions against W-2 income.