All of those can be seen in the thread linked below.Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?

I ran into this recent TurboTax article  that led me to believe it was possible: Second, you may have a net operating loss (NOL) if the Section 1231 loss is large enough to reduce your other income below zero.

It won't help my case right now, but since it's linked, might as well keep connecting the dots to help out everyone I can.

In many cases, the commission for external bookings can indeed be higher than if the guest had booked directly through VRBO.To avoid these charges, some property owners ensure that their direct booking links or contact information are kept separate from VRBO listings.

https://www.cbs8.com/article/news/local/working-for-you/new-...In these extreme cases there is money to be made like most large development.  

There are two VA loan articles I wrote for the BiggerPockets blog that will tell you everything you need to know.

I hope posting links is allowed.

Man yeah that link helped a lot.

Before anyone viewing this thread takes any advice from "Bob Stevens" I recommend you click the link below. 

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.