I'm genuinely asking to understand the use case for my self for an individual investor.Re. balance, as someone who is a former CPA and has prepared financial statements for multi-billion $ funds, I understand the important of a balance sheet.

If you don’t qualify as a real estate professional or don’t have a way to use those passive losses to offset your active income, then spending the money on the study might not be worth it.

If you want to be completely self-sufficient, you're willing to build an Earthbag home or another building that can be earthquake proofed but can still be run without public utilities, you can spend a ton of money on a well and can have that well water processed to remove contaminated mine crap, you have a great off-road vehicle and you can figure out how to deal with the flooding without redirecting that water onto someone else's land then you can definitely live there.If it's an Investment you're after, give that up.

And their tax advantages go away when you decide to quit and spend the money.

Yes starting out there is a low dollar per hour but at some point it needs to be worth the while - as you could be spending that time doing something more profitable.Not saying to give up by any stretch just saying make sure to re evaluate consistently to put the best strategy together

You're asking someone to spend a lot of time and energy to share what they've spent years - maybe decades - learning and developing.

@Eva Sha happy to spend an hour with you over zoom and see what type of guidance or direction I can give you. 

$769 Billion. 

Many are spending their money on Christmas gifts. 

I'm currently helping my aging parents, and I need to be spending more time taking care of them.