Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

Readers should seek professional advice. 

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

I realized I hadn't thought about it, but it will likely be working professionals, students, or families.

Hire a property management company who will manage it for you.

They hired an attorney who was skilled at assisting them stay as long as possible. 

Just like every professional has a different pay range and skill cap, PM has differences in knowledge and skills.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

Do you have Real Estate Professional status?

You can be assertive and still be nice/professional.