Even if you actively participate, you are still subject to limitations on taking loss against W2 income if you exceed the $150K household income threshold.

Job stability is good. 2 earners in a household is good.

I'm finally 30 with a stable job in NYC and living in a dual income household and I think now is a good time. 

I wanted to steer clear of STR because all the AirBnB laws keep changing, and with economic slow down and layoffs in tech sectors which is an area of extreme disposable income to travel etc, it just feels like the wrong time for me personally to invest in an area where discretionary travel is likely to be the first to go from people's budgets as they tighten their household budgets.

If the program terminates assistance to the household today, you get no more money from the program!

In the best interest of everyone involved, I would change the lease agreement to reflect the change in household makeup and responsibilities. 

No you don'ti won't make friends on BP saying that but real estate in itself is already a parasitic activity heavily weighting on households, but realtors and wholesellers are the epitome of a parasitic cartel providing almost zero value to society and the economy from a general standpoint.

The firm predicts that national apartment vacancy will reach 4.0 percent at the end of 2017, based on the expectation that unemployment should hold at 5.0 percent and hiring will remain “sound,” prompting the millennial generation to bolster new household formation."

What does household formation look like?  

Max Householder 1) Good neighborhood. 2) Rentable 3) SFR's / MFR's 4) Long term investment 5) 've a full time gig, so mostly looking @ turnkeys