So I have done a fix and flip with two even split partners before however they were a family and a friend so it made it really easy (in my case) to work together and get the project done.

This approach enabled us to kickstart the project without personal financial input.

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects.

I think I'll hang off from building an ADU and maybe an alternative is to just purchase more property in the future then!

Would like to be added to buyers list or make connections for existing or future deals.

Looking forward to future investing!

Most states do not factor in losses from other states when calculating their taxable income.However, yon't think you lost out on the state where you have a loss. that state will normally treat that as a loss that you can use in the future when you sell the property or have rental income.

MY wife and I aren't some sort of big time multi family real estate agents, but we have done a deal or two a year and have had some success just starting simple (we started by house hacking a duplex), and have incrementally increased our projects. 

Are you looking to start a syndication or just get more money to invest in larger projects with a couple of partners?

Future investors might consider this and possibly look into local property management solutions if they're not able to frequently visit the site.Recommendations and Networking: Sharing contacts like Jeff Chisum who have proven helpful in your investment journey is beneficial for the community and helps foster reliable networks of professionals.Lessons Learned: Your insights into the challenges of managing a high-elevation STR during winter are invaluable.