Is there a way to structure the relationship so that I get passive income that offsets my passive losses, thus resulting in no tax owed?  

You can go 5-8 unit on DSCR no income no doc .

My other concern with leasing is that by the time the lease is done, i will be beginning my first busy season as an accountant while studying for the CPA.

When people cause damages that aren't accidental though such as smoking weed in the property, I still charge the guests and hold them accountable for breaking the house rules.

Register for a Philadelphia Tax account using my LLC as the property manager?

This is a property that has 2 units and you could live in one and rent out the other unit.Regarding rental income and cash flow.

Unfortunately I was told they are not the same category of income so they don’t offset each other. 

What does your w-2 income look like?

I didn't choose this profession per se; I'm actually disabled and needing to do this to supplement my income (although I have felt immense appreciation for the good tenants and proud of the way I continue to learn).Now I am in the process of my first eviction with regards to my current basement tenant (they're just not paying me rent, everything else is fine with this person but their financial excuses have been hard to keep track of since the beginning).  

HMMM, that is way over the true value, again this post is making less sense,   the purchase price $165kClosing day I paid $51,290.22I paid for HVAC $12,000The expenses on 2023 Mortgage, electric, appliances and everything $23,806The expenses on 2024 until now for changed all windows, fixed hand rail, step, basement leaked electric panel, mortgage, electric and everything $20,777.38the mortgage balance right now in my account is $119,000someone offered me $120k as is.I got all paper and proved of everything.