Up until November, actively licensed VRD (Vacation Rental Dwellings) could transfer one time to the new owner.

In this post-pandemic landscape, metropolitan areas remain the hubs of economic activity.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

That way you know they are active in real estate!

I don't care if I'm ahead or behind of anyone else because my goals are not relative to anyone else's progress.I get your point that staying active keeps your skills sharp and that if you're active when others aren't you will have access to opportunities that they do not.

I am not sure how active his company Open Door is on BP.

I get FinTech is a high-risk activity, but imagine the industry will consolidate to one or a few strong players.

Follow up outside the activities to ask for business and see how you can serve them as well in their business.Best wishes and good luck.

Even with active investments, diversification is better.  

For S's and G's, below is the most expensive SFH on the market in Tokyo right now, followed by one of the least expense:https://www.homes.co.jp/kodate...https://www.homes.co.jp/kodate...The condo market is probably more active than the SFH market, but I don't have much insight there.