The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.

However, if you made the property available for rent in 2024—meaning you actively advertised it, listed it, or had it ready for tenants—you may be able to deduct certain expenses like mortgage interest, property taxes, maintenance, and depreciation for that period.

The other factor that's relevant for me is that my husband is a high end W-2 wage earner and we could greatly benefit from the potential tax benefits of actively managing the property. 

Quote from @Noah Laker: I'm a real estate broker and my client is a high W2 earner, taking advantage of the "STR Loophole"His CPA told him that he can only do cost segregation on properties which are active STR's.My understanding was that, if he obtains REP status through any one of his properties, that he can take advantage of depreciation on any investment property, even if that one is not an STR.

I retired in 2008 with 21 years in the Air Force.13 sales in your first year is pretty impressive, particularly for someone on active duty.

Hobby income and expenses are treated differently than investment activities or business activities.

Are you actively investing or have an active portfolio?

Hey Ian, since you're not an active agent I would connect with some local investor-friendly agents in your market.

We’re actively seeking lenders who can fund multiple properties at once.Open to discussions on flexible financing strategies that have worked for others.I'd love to hear from fellow investors, lenders, and finance professionals—how have you navigated this challenge?

Good Morning , my name is Max and I am actively growing in the real estate wholesaling space.