I plan to keep this property as the rental income is already excellent.I too experienced the same challenges of balancing responsibilities as a father, husband, realtor, investor, coach, Airbnb host, etc.....Let me tell you, this past year wasn't easy!

Your receiving income, but I'm not sure how much you can write off or if you can.

My income is $70,000 annually from a W2 job and I have no outstanding debt.

Fix-and-flips are active income.

if you only do negative cash flow for few hundred bucks and your large income is good enough and you plan to keep the house for ten years, then this is not an issue after all.

Our monthly mortgage amounts to around $2,000, while we generate $1,400 in rent for the upper unit.

Me and my wife decided to build an ADU on the property so we can increase the property value, and gain additional income passively.

The older generation loves this kind of deal. where they get 6-8% on their money.

If you qualify conventionally, any bank will use your income, credit and assets to get your loan completed.  

Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax.