In general though, you're able to directly offset your income from the active rental activity with the *losses* you take from the business, but once the business becomes profitable, this would also add to your taxable income. 

Most of the largest cities in the Midwest, includingChicago, Detroit, Indianapolis and Minneapolis, rank in the middle of the pack.Geographic and infrastructure advantages support leasing by small manufacturingand distribution tenants in these locations.However, limited population growth, or in some casespopulation losses, result in less robust leasing among smaller tenants in localconstruction trades.

It tells you what a motivated seller clicked ON LAST BEFORE they filled in the form.

Reno's median home sales data speaks volumes – up by a remarkable 7.4% from last year!

Lastly, they like building relationships.

I made this observation last year that the "vacation markets" such as Scottsdale, AZ took a dive when economic activity slowed down (and COVID money dried up).

We've even seen insurance on our Berclair houses continue to increase more than ever the last 2 years. 

If you need any guidance, feel free to connect.How has your journey been so far since your last post?

But ONLY if it was your personal residence for two of the last five years.

@David CozziYou may be able to do that.However, you have to consider the drawbacks of your stategy.You are converting a potential scenario where you have passive losses with no active income to passive losses with active income.