Even if your MAGI is above $150K and you can’t use a passive loss on Schedule E, the loss isn’t gone.

Invest out of state where you can actually have control over your property and not live under the crushing weight of red tape. 

They should be able to send in format that easily corresponds to Schedule E of your tax return.For our clients (we're a PMC), we send them a 1099 and Annual Owner Statement which they can just hand to their tax professional.

Quote from @Devin Peterson: You are looking for a specialized mortgage broker who can do all of that shopping lifting dead weight and condition fighting for you!

Quote from @Steven Vargas: Quote from @Robert E Bogino: This is my main model. 

Fees to join your local board, MLS(S) so that you have access to listings, key access, E & O insurance, and there could be more depending on your local requirements. 

For purposes of paragraph (e)(3)(ii)(B) of this section, personal services include only services performed by individuals, and do not include excluded services (within the meaning of paragraph (e)(3)(iv)(B) of this section).

I’ve saved up capital to get started, and I’m looking to learn the right way from people already doing it.I’m not looking for handouts—I’ll pull my weight however needed.

Trade or business activities are activities, other than rental activities or activities that are treated under § 1.469-1T(e)(3)(vi)(B) as incidental to an activity of holding property for investment, that—(i) Involve the conduct of a trade or business (within the meaning of section 162);(ii) Are conducted in anticipation of the commencement of a trade or business; or(iii) Involve research or experimental expenditures that are deductible under section 174 (or would be deductible if the taxpayer adopted the method described in section 174(a)).

You might want to also check out this other thread https://www.biggerpockets.com/forums/51/topics/816680-real-e...