Real estate prof'nl exception (passive loss rule w/multpl rentls)

[Alik Levin]

Dear all,

Need guidance around Real Estate Professional exception for passive loss rule when managing multiple rentals. My understanding was to meet the criteria one needs to:

1. Log 751 hours or more for one property (not all combined).

2. Not working more hours than that (750) for any other income.

Then I realized that when managing multiple properties there are additional rules and to get around it one can permanently elect to treat them as one but then it could fire back when selling one of the properties... and then I am lost.

Can you recommend prescriptive guidance on it? Better yet, anyone can recommend true and tried tax pro who specializes in this area real estate professional and passive loss rules? If it's in greater Seattle area, even better.

Thank you