Quote from @Steve K.: I don’t see this changing much in my market.

Hey Joseph, I 100% understand what you're going through.My wife and I used a HELOC, 401(k) loans, and even an additional personal loan to acquire rental properties in Detroit from 2019-2021 ultimately acquiring 12-doors.We paid cash, renovated when necessary but some were also turnkey, and refinanced out on the backend.

However, you missed the specifics of the question: it was not about just rental losses, but losses transferred to you via K-1 as a passive investor in a syndication.

Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee.

Thank you@Michael K Gallagher@Evan Polaski@Wyatt WolffFor all of your insightful answers!

The place has been appreciated 70 K last three years.

Quote from @Heidi K Lovig: Quote from @Alex Bekeza: @Kristi Tietz Even if you charged some ridiculous amount of points I can't see how this would be a good risk vs. reward ratio for you. 

@Chris K. the city is Rixford, PA.  

Quote from @Farooq K.: I have one rental I can pay off possibly, and be free and clear that would increase my cashflow about $1000/month using 150k left on mortgage.

Literally any closing attorney you know will take care of this for you for $150 bucks (I know, because I do this for my clients).Step 4, If you will be self-managing, get 3 documents ready to go: a lease, a deficiency notice, and a non-renewal letter.