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.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

One key takeaway for future projects is the value of hiring professional painters.

Readers should seek professional advice.

Meaning where growth opportunity is happening, appreciation, networking with professionals in that market such as lenders, other investors etc.

You will have to have a professional estimate done.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

One key takeaway for future projects is the value of hiring professional painters.

This can create deprecation needed to offset these gains, and we don't need to qualify for real estate professional to take advantage of it in this case here.