This is typically the monthly rent multiplied by 12.Estimate Operating Expenses: Sum up all the expenses associated with owning and managing the property on an annual basis.

https://www.ownerrelations.com/services/fractional-ownership...

This is typically the excess of deductible expenses over taxable income.Report the NOL on Your Tax Return: On your 2023 tax return, you will need to report the NOL on Schedule 1 (Form 1040), Line 22, "Other income."

Specifically, I'm interested in understanding the discount buyers are typically looking for.

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

You may network, meet other investors, and pick the brains of special guest speakers by going to these events.Make Use of the Marketplace: Look through the BiggerPockets Marketplace to locate possible partnerships, offers, or services that will help you along the way as an investor.Stay Active: When it comes to networking, consistency is essential.

Like a car payment😎@Steve Vaughan unless I misunderstanding using a typical  "balance, rate and payment" calculator doesn't factor amortization. 

I use a hard money lender, where they typically require 10-15% down payment on purchase of an investment property, and they fund the rehab.

That’s because the sticker price will no longer come with steep commissions that are typically automatically accounted for...IMHO, this makes no sense.

It looks like a larger company without the personal service or communication.I would expect more canned responses, slow responses, slow reactions to get service etc.