If the numbers don't add up, then that's the time to explore other markets.

Let's say you're an old pro at MTRs, but you want to expand into a new market.

They did a fantastic job renovating this home and several people fought over it when it came on the market!

Your experience with listing the property for sale in a high-interest market highlights the importance of market timing, and it's great that you adjusted quickly by renting the property instead.

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.

I house-hacked several properties when I got started in real estate investing.

So, all in all talking to a knowledgeable real estate attorney for a specific situation is the best idea! 

Typically larger groups have more people splitting the cost and it has not affected us in occupancy versus our close competition.I would maybe be wary if you are in a hyper competitive market or market segment. 

My name is Chris, I'm just getting started on real estate investing... like from square 1 sort of starting out.

@Brian SiedenburgHere are various real estate investment strategies for supporting your mother's care.