Welcome to BP.

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.

Lived in the upstairs unit for 3 years until I got married and bought a house What made you interested in investing in this type of deal?

And, especially if your goal is to build a portfolio to live off of, bad deals (and even marginal deals), will keep you from achieving that goal much more than slowing down and waiting for better deals to surface.But beyond that, I also find I get most burnt out when I am invested in deals emotionally and with time.  

Just like that, the entire deal was on the line.I decided to try one more approach.

Welcome to Bigger Pockets !

I was able to see those for you here https://www.biggerpockets.com/analysis/rentals If you can't see those feel free to email [email protected] with your browser and a bit more information about where you are seeing the issue

Your write offs are also not effected, so you can write off miles also as an individual owner.

You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.

I have since become a revenue manager and either do it for people or teach them how to use it.