Check passive loss rulesTrack carryforwardsMost small landlords will simply:Take the simplified $5/sq ft deductionClaim it if they have net rental incomeSkip it if they're already showing lossesPro Tips: 💪Use the simplified method - it's $1,500 max (300 sq ft × $5)If you're showing profits, take itIf you're showing losses, don't botherKeep basic photos/documentation of your spaceThe Bottom Line: 💰If you're making money on your rentals and genuinely use a home office, this is a nice extra deduction.

So I am looking to see if anyone has ideas about what options I should consider to gain more experience in real estate investing as I get my finances up to make my first purchase.  

If borrowing against stocks is an option, do they have to be stocks held within the US and/or do Canadian stock investments count as well?

This way, the lender wouldn’t be triggered (since most allow transfers to a trust), but I'd still have the benefits of an LLC.Other options a.

That will start to tell you if rentals are a feasible option for you.

If the condition is similar to the market average but your rent is severely under market rate then I take an average between the current rent and the market rent and send them the following message 2 months before their lease is up (assuming you aren't in a rent control market),Dear Tenant,Some nice words and remind them that their lease is up within 2 months, please select the following options about their new lease, also mention that you are doing the best you can to maintain the rent as low as possible but with inflation, insurance and property taxes increasing, you have to raise the rent to keep up with the rising expenses. 1.

You can try to attend virtual events, many real estate meetups and events offer virtual options.

But yea I’d have to call and figure out if I would need to pay anything extra for that

A second option you might not have considered is self directing your 401k.

Or is it option C….. evil and clueless. :-) Lol.