Real estate professional (for this posts sake) simply makes rental activity active, so you can use the losses there to offset other active income. 

Nick, consider contacting @Amanda Han, she is based in SoCal, an expert in the field and active member of BiggerPockets community.

With that loan product, they will not be looking at your DTI or work experience and will qualify the property based on the DSCR (Debt Service Coverage Ratio), which is a measure of the property's cash flow.

The IRS looks to see what tax return reports the activity of the property. 

For this service were we saved his financial butt I charged 3X of what he would have paid with Kiavi or Lima one etc.. but those guys cant move like we move.. so it all worked out And thats pretty much the niche i have carved out..

Also @Ashish Acharya and @Michael Plaks are very active in the forums and highly recommended.

Reach out if out if still need this service. 

Even if they're were to change their law again in 5 years or something, I haven't seen a Colorado city or county not grandfather in existing short term rentals once they're actively allowed them. 

I am willing to learn as much as possible so please suggest materials and conferencesThank you Just a word of advice, if you ask for advice to be honest most people are gonna try to sell you on their market and ultimately their service or course, you need to figure generally the direction you want to go, your risk tolerance, the area, the trade offs between appreciation and cash flow, understand, it’s going to be hard to get much if any cash flow in this market, brrring & flipping are close to dead with the exception of a few areas in dc and a few rural markets, even there it’s difficult, come up With a basic plan than go into a conversation with whoever you work with and at least understand the right questions to ask, the best comparison I can make is my mom always makes me go to the mechanic with her, even though I can’t actually fix the car, I can at least talk the same language as the mechanic.

I’d also recommend checking out his Facebook page.. he’s very active on there.