Recognize the challenges of OOS management or the cost of a professional PM.  

I’m a professional civil engineer with years of experience in construction and entrepreneurship.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

When I think about this, I don't see many downsides, so it seems a little too good to be true.

To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

Real Estate Professional Status (REPS) or material participation in a short-term rental (STR) could allow rental losses to offset capital gains.

Most professionals will recommend a separate LLC for every $1 million in assets, but I don't think that's necessary.

We are looking at the compound asset acquisition and also using the short term rental loophole for our future properties and likely moving my wife into the real estate professional position while I remain at my W2 position.To sum it up, I would like to know what higher income W2 earners are doing in order to help offset their W2 taxes or if there is a way? 

Quote from @Dennis Li: Hi professionals and fellow investors!

Hello BP Community,I have  been a BP lurker for many years and after falling out of love with retail real estate- I am oh so READY to get into investing (my first true love).