We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

I am active duty military and plan to use the property for deployments/holidays for my family to stay near relatives until I separate in 4 years, then to use that property as one of several future investment properties.

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option. 

For S's and G's, below is the most expensive SFH on the market in Tokyo right now, followed by one of the least expense:https://www.homes.co.jp/kodate...https://www.homes.co.jp/kodate...The condo market is probably more active than the SFH market, but I don't have much insight there.  

Welcome to BP, and congratulations on embarking on your journey into the realm of real estate investing!

He’s got a solid reputation and is an active member of the local REIA.

I use my license for multiple activities: Of course- comps, when buying and when selling, tax data- to see what I am about to pay when i own the home ( for long term holdings), check the DOM (days on the market) for the subdivision I am either buying on, or when I plan on selling, etc. 

In high priced markets, I think you'd have more luck flipping, especially if they're active markets with good sales volume and appreciating prices.