You're losing money, technically, storing it in the HYSA too.

Depending on the situation, a taxpayer could offset some of the passive losses with active income.

If you're looking for more active strategies like purchasing your own real estate let me know and I'm happy to send updated recommendations based on what your situation is and what your goals are :)

First - Have a discussion if the rental loss will immediately help your tax situation. 

I know and am prepared to do all the overhead work necessary to find a property that will qualify, but I just want to know if it is possible in my situation.

Unique situation that I’d like advice on.

In short its complicated:) each situation is different

Saw a similar situation with friends.

Thanks. same situation for us but we don't go live with them until January 2023.

From what have been explain to me there are advantages and disadvantages in both situations and they aren't exactly interchangeable.Don't know much more than this.