For instance, if three of my properties are generating significant cash flow and performing well, they can offset any issues that may arise with another property, such as a heating system failure.

It does not directly offset it, the mechanics are complex, but you should benefit from the $50k losses, resulting in no additional taxes from the sale.

Curious if anyone has had success (or failure) qualifying for RE Professional status with an STR, even if not self managing?

Broke down the doors and stole all of my mechanicals + material on-site (resulting in ~$30K worth of damage)I just had a contractor walkthrough and talk to neighbors and apparently there is now a homeless man who has been sleeping upstairs (he wasn't present, however bedding was present).

New privacy laws demand that these platforms have robust consent management mechanisms, data encryption, and audit trails in place.

When Clark Griswold asks the mechanic how much is the bill, the mechanic looks at the gas station attendant, they both laugh, then looks at Clark with a serious look and asks Clark, “How much you got?”.  

Hello Bigger Pockets folks,I’m an early career professional mechanical engineer (~8 years) hoping to learn the ways of real estate investing and make the ultimate pivot.

It takes a lot of failure to be successful in almost anything in life.

Because at some point you may additionally have a major event/appliance failure and a large expense will make it even more expensive mistake. 

If you are buying a house of any kind with mechanicals and roofs, you need reserves.