Investment Info:Small multi-family (2-4 units) buy & hold investment.

Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.Good luck!

Are you interested in investing in Boston as well?

So typically passive activity losses are grouped together and carried forward to offset other passive activity losses if your income is over 150k.

You have money invested in it through the down payment plus mortgage payments.Talk to a lawyer. 

I am a complete newbie to house hacking, real estate investing, and real estate in general.

I'd be pretty irritated over the loss of 6k, 4 months of stopped work and the corresponding holding costs.Do you invest in OH, or somewhere else?

As I wrote in my first reply here, I'd never invest there in an STR.

Any home owned by an LLC would suggest it’s an investment property.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.