In your fact pattern ($300 Box 1 income, -$2,000 rental loss), the proper MA treatment would normally be:- Net zero current year taxable income in MA- ~$1,700 suspended passive loss carryforward to MASo if TurboTax is limiting your MA allowable loss to $15 because it’s blending in other states’ K-1s, that’s not consistent with how MA expects the form to be prepared.

One thing I’d add is that if the late payment isn’t putting you in a financial bind, it might be worth viewing the late fee as a kind of “bonus rent” as long as the tenant stays consistent and doesn’t start slipping further.If the pattern is bothering you enough to consider changes, a structured late fee (like a flat fee plus daily charges) or even a rent increase with clear communication might help prompt a change.

As you look for your first investment, consider starting with a property type that aligns with your skill set, like a value-add single-family or small multifamily project in your area.The Lake of the Ozarks has unique opportunities, especially if you focus on demand patterns between seasonal and year-round renters.

It's a medium grey/tan color that blends well with different color patterns.

Use real listings to practice running numbers — you’ll start spotting patterns and build confidence fast.Mentorship doesn’t always mean paying thousands: Sometimes the best mentorship comes from adding value to someone further along the journey — even if it’s just asking smart questions and staying consistent.You’re right to be cautious — but don’t let that stop you from taking action with the right prep.

(I’m looking for patterns — not one-off edge cases.)Context: I work with international tenants, so many “usual suspects” are familiar to me already (e.g., rent laws/increases, insurance timelines, availability of licensed contructors/handyman´s, inspection protocols, and utilities/services like landscaping or pool).Because practices differ by country, I’m keen to understand the American owner/tenant perspective specifically — not from a place of not knowing, but to prepare well and align my processes with what US owners actually value.If you’re in Central Texas, even better, but any US experience helps.

I didn’t invest out of fear or desperation—I invested based on knowledge and patterns I’ve seen succeed.At this point, recovering the money isn’t even the priority.

Will definitely check the job/population growth patterns there.

McMansions follow a specific architectural pattern that many perceive as tasteless.

From my seat as a lender, I see the same pattern: flips create quick liquidity but are hard to repeat when inventory tightens; DSCR rentals scale because the financing is driven by the asset’s income, not W-2s.What’s worked best for many of my clients is a hybrid: flip for chunks of cash, then redeploy into DSCR holds for compounding cash flow, depreciation, and long-term upside.