Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).

You definitely want to get with a competent tax advisor for personalized advice.

(Our personal State Farm Agent recommended them and so far its worked out well) We are in Indiana. 

A good Personal Trainer can help a lot.

I will say, in my personal opinion, flips are much more risky.

Nothing is different with Airbnb other than those hosting avail privately owned real estate for commercial purposes and only here its at the hosts’ personal expense to acquire the license and pay the tax.

House hacking will also give you some personal "property management" experience.

Does it matter if I keep the rents in my personal accounts?

I am old school I would never personally do that..

I would still take a look in person since Detroit is block by block.