Readers should seek professional advice.

Scale down, explore passive investments, seek financial advice, prioritize well-being, liquidate assets if debt burdens are too great, and reenter the market cautiously, leveraging past experiences.Good luck!

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.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The basic answer to your question is likely yes because I believe anyone who inherits an IRA can roll it over and what you are talking about is a valid way to roll an IRA over I believe but get advice from a professional on this one before taking action.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Crowdfunding platforms tailored to hospitality investments might be another avenue to explore.

Many “wholesalers” get all excited when getting a property under contract only to discover that a thorough inspection by a knowledgable professional results in repair costs 2 - 3 times higher than they calculated. 

Any guidance or referrals to professionals you trust would be greatly appreciated!

Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.