Hi - are there any scenarios in which mid-term rental income/losses can be considered as active income rather than passive, besides when one has REPS status?

Bad location= lose money and sell at a loss after a few years of frustration.  

Just like you, she can do RE as a side gig and learn a lot more while she keeps her own nest egg going and her lendability strong with a regular job.You should loop her into a major document with all of the properties and all of the profit and loss and go through them one by one and talk about whether to sell or keep, and also base it on geography for her and your collective choice of management.

We're mourning the loss of friends and neighbors, some of which haven't been found yet, not to mention favorite places, small businesses, animals, you name it.

I am not sure I've ever seen where the tax writeoffs are different for STRs than they are for MTR's or LTR's in terms of writing losses off against your regular income. 

With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.

With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.

With Morganton’s growing population, influx of major corporations like Tyson Foods, and frequent visitors traveling to and from the mountains, this property is perfectly positioned for long-term growth and profitability.

Food in fridge is from April this year and it basically looks like someone was half way through moving out and then something happened and so a bunch of stuff is still in house. specifically one room filled with about 10 burner phones, 3 tvs, personal clothes, mail, kids personal items and bunch of random stuff new with tags, etc etc. he also had pets which was against lease term. one of the rooms was used as a pet room completely destroying carpet and staining walls with urine etc. 

A seller not fully informed of these points may have legal basis for initiating a lawsuit against the investor/buyerFrom the buyers perspective any down payment, capital expenditures, etc may be at risk of loss if they can not pay off note IF it is called due.