If you hire a property management company for a rental, does the rental income become a "passive" investment?
I am considering hiring a property management company for a rental but I've heard that, in doing so, the rental income will be classified as a passive investment for me. My worry is that I would not be able to write major expenses (roof, plumbing, etc.) off of my other, non real estate, income, should this happen. Does anyone have insight into this?