If you have been around for decades and saw the cycles you know what to look for in an investment.There are also syndicators that their God is money at all costs and they have big teams to feed so when their asset class dries up for deals they go putting together other asset class deals hoping who they partnered with will save the day because they need those going in fees to keep paying staff and living their lifestyle.My deals the pref is not super high for core plus but these are typically investment grade credit tenants with long term leases.

(I can just do more tIRA withdrawals to tweek AGI to suit)2.) 5 yr carry forward of excess deductions - (could use to draw down ~$800k tIRA BEFORE RMD or more Roth rolls)Situation: Very desirable but very hard to sell income property (older (1979) small, low value Mobile home,(home = ~1/6th the value of property - Banks don't lend with that ratio) Beautiful acreage, (3) large shops, pond, barns, Very livable cabin (knotty pine!)

Excess business losses are capped for single individuals at $250,000 and for married individuals at $500,000, with any surplus being suspended and carried forward.

As for the median American in my age group, yes I'm way beyond that and I attribute that success to the following:- Willing to delay gratification on a regular basis- Willing to do jobs no one else wants to do- Willing to work long hours for results (a strong work ethic)- Willing to take calculated but high upside/low downside risks- Willing to allow the "fruits of my labor" to be returned to the business instead of paying for a lavish lifestyle- A strong commitment to these principles by my spouse- A strong run of being healthy enough to work to produce excess profits- The fortuitous grace of being born and growing up in the United States, where opportunities for financial success are everywhere and accessible to anyone- A splash of luck at being in the "right place at the right time"

Some are standard companies and others are Specialty/Excess markets. 

Generally, losses from your rental properties can only offset other passive income, and if your passive losses exceed your passive income, you carry forward the excess losses to future tax years.

Less to manage as most times you won't be billing back the utility bill as normal usage is factored into the bill BUT the tenant is accountable for excess usage protecting you from abuse of the utilities. 

After the 2008 crash we did a lot of short sales and we got virtually all those deals through direct marketing with a few from bandit signs.When we moved out to KC, almost everything we bought were REOs listed on the MLS.When those dried up, we started getting a mix from wholesalers, a few hidden gems on the MLS and direct marketing.

Depending on your definition of house hack, these excess losses may be able to be carried forward as passive losses on form 8582 (not enough information to determine this part, would need additional info).I will mention as well that if you choose to switch to another accountant who more specializes in real estate, being that it's April, any good CPA will automatically want you to file an extension.

Therefore you can make a cash on cash return higher than 6% on your investment, I would go ahead and use a portion of you investment cash - maybe 50%, but I would not use all of it in order to have some "dry powder" for later.