You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Larger homes provide more opportunity to make the home unique and capture larger families/groups to share the expenses of one home vs renting 2-3.

Be sure that you have a differentiator that makes you unique against other homes in the market.

FF does better if near any major medical facilities.

Told this story here before, we bought a property where the seller had been in a bar fight and had a judgement for medical injuries from the other person in the bar fight. 

Having all of these details upfront definitely puts you in a unique scenario.

However if you purchase a unique property with a view, close to town, etc.

**Portfolio Lenders**: Some portfolio lenders, who hold loans in-house instead of selling them on the secondary market, may be more willing to work with unique situations like yours.6.

In other words, if there was a broken leg on your property that resulted in $250,000 in medical, lost wages, and pain & suffering, if there was gross negligence on your part, the total judgement could be $1.25 million, and worse, your insurance company could deny it.So what constitutes gross negligence? 

Thinking that this was mostly unique to my city, I have traveled to a few areas where I have seen this same idea and heard from other travelers their same stories.