I believe this is considered active income.

Having burned with few tenants, I am considering to tenant income and asset verification on top of regular background check.

The next house will bring in passive income (rents) and that plus the equity it builds can wipe out debts fast!

Quote from @Michael Potorti: Analyzing areas around Columbus OH for purchasing duplexes and SFH for appreciation / cash flow - would like to stay in $100-200k range - any insight on where to target and areas to avoid are appreciated.This question depends on your desire for future earnings or immediate returns.

Can we takes losses from syndications (as a LP) and deduct those losses from our W2 income, Based on the fact that my spouse qualifies as a real estate professional?

Depending how much you earn you can step up those savings by getting a side-hustle.

However, it's currently not generating any income, and my family is divided on what to do next.

On the plus side, lenders review that as well as they will look at the size of the congregation, giving strength, as well as other sources of income. 

Reporting each property separately on Schedule E is generally the correct approach, as it allows you to accurately capture the income and expenses associated with each property.

It’s a condo with short term rental income. 1 is the cottage we move into when we rent the house we live in for 2 months over the summer when the kids are out of school.