Sadly you would need to either have a spouse qualify for REPS (you cannot due to w2) or either make under 100k per year so you can deduct up to 25k of losses per year and actively participate(this is different then material participation). 

I could not find a way to stop this activity.

Hey @Tomcy VargheseI am a local Houston Agent, investor and ground up developer.

They all appreciate but peninsula is more stable in downturns and recovers the fastest, I witnessed this myself in 2012 further in east bay was still about 40% down and peninsula and "tech" cities already recovered fully.I am not sure you need a loan or not, recently I asked my mortgage broker he told me for a second home it would need to be at least 50 miles away and also in a city known for vacation activity .   

And you can try some local real estate meetup groups.

I am not a local and I am interested in purchasing my first property.

Hey Damion, I am an agent and investor in the Phila area and would be happy to connect with you about the local market.

/CRRA_WMA...Weekly Market Activity ReportFor Week Ending June 8, 2024 (Data current as of June 17, 2024)Weekly market activity data and reports are provided by ShowingTime and are updated on Mondays by 2:00 pm, once received.

I am a licensed local property manager in the greater Asheville NC area and looking to  locate PM's in the area who may be looking to retire from the business and sell their book of business. 

Lease the fields to an active farmer?