Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

Encourage him to set long-term goals, connect with mentors, and use educational resources while keeping the learning process fun and balanced with other activities to prevent burnout.

So, when the property sold by me, FSBO for $23k I was relieved.

Whenever I speak to a group of students interested in real estate, I always stress the importance of networking and simply asking people to coffee.

While it provides a steady income stream and potential appreciation, it demands active management, thorough tenant screening, and may involve higher vacancy risks compared to traditional leases.

I started to change my mindset, and figure out ways to work efficiently and reduce work stress. 

I'm biased and can provide reasons and data to show that using an agent will protect you, get you more money, less stress and so on.The reality is you can do it yourself, but tenants generally don't cooperate with showings and that causes lots of problems for buyer to access the unit to show, inspections, appraisals etc.

I'll try to be more active on here :)

Maybe a family in your area has a relative that would like to rent nearby but who doesn't think now is a good time to buy in this current housing market.You might even find someone who likes to target practice if that's a safe activity in your area. 

hey tim, i should have been more clear. i will be doing all of the property management per se, just looking for an organizational tool via an app or software that will consolidate the communication for my duties. i only have one out of state property and just dont think the amount paid is worth the relatively low stress of this specific quality property and tenant pool. i will look into stessa and buildium- thank you for the recs!