I am a long time user of YNAB (You Need A Budget), so I will be creating my first business budget and I am excited!

Is is stuck with the properties that created it and I only get to use it against those properties when they have income or I sell them?

There is no statutory rule enforcing this, but it's normally good advice.

I'm talking about the IRS rules.

However I have a pre-screening rule of having major concerns such as bankruptcies, bad credit, crimes against people etc.. 

Based in Atlanta, Georgia, I've dedicated over a decade to transforming the real estate sector, leveraging my expertise to not just predict market trends but to create them.Why I'm Here:To share insights, forge lasting partnerships, and drive a paradigm shift in how we approach real estate investing.

I have seen too many investors create a truly beautiful property but a much higher end product that is out of the market norms cutting deep into their profits.

Pacific County STR Rules

Make sure you have an air-tight lease and also a house rules or house expectations.Has someone been renting in the other side and you are just renting your side? 

States often have their own rules and regulations regarding tax filing requirements.Even if you have a loss, you may still need to report the financial activity from your rental property to the state for tax purposes.