You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

to get more than one - or even more than two?

@Daniel Baker What do you mean by breaking even??

We originally used an FHA loan with 3% down, took on MIP, and now have a $2,100/mo mortgage with $225 HOA/mo - so about break even on cash flow. 

There are markets today, even with high rates, that are cash flow positive and do have great appreciation. 

The deal can make sense even if it doesn't meet some arbitrary "rule" 

However, the units I see myself living in all barely break even on cashflow.

Quote from @JD Martin: Quote from @Elizabeth NA: Good evening Alesa, I am reaching out because I would love to speak with you about your experience as I have found myself in a VERY similar situation with Cyrus Gordon and have found he has been sued over 5 times in New jersey including from me.

Many have never even stepped foot in the US.

You can even connect with local HR teams and offer small referral bonuses to get more bookings.