As for the median American in my age group, yes I'm way beyond that and I attribute that success to the following:- Willing to delay gratification on a regular basis- Willing to do jobs no one else wants to do- Willing to work long hours for results (a strong work ethic)- Willing to take calculated but high upside/low downside risks- Willing to allow the "fruits of my labor" to be returned to the business instead of paying for a lavish lifestyle- A strong commitment to these principles by my spouse- A strong run of being healthy enough to work to produce excess profits- The fortuitous grace of being born and growing up in the United States, where opportunities for financial success are everywhere and accessible to anyone- A splash of luck at being in the "right place at the right time"

Good stuff - are you really seeing a solid consistent appetite for true SRO? 

Some are standard companies and others are Specialty/Excess markets. 

Generally, losses from your rental properties can only offset other passive income, and if your passive losses exceed your passive income, you carry forward the excess losses to future tax years.

Less to manage as most times you won't be billing back the utility bill as normal usage is factored into the bill BUT the tenant is accountable for excess usage protecting you from abuse of the utilities. 

Maybe folks are not ready to buy, but it kind of whets their appetite to see what's out there in terms of the most unique properties and as a result, what may be some good markets to buy when they are ready.

Depending on your definition of house hack, these excess losses may be able to be carried forward as passive losses on form 8582 (not enough information to determine this part, would need additional info).I will mention as well that if you choose to switch to another accountant who more specializes in real estate, being that it's April, any good CPA will automatically want you to file an extension.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.