Been investing my as long as I remember but largely in public markets. Started investing in alternatives about 5 years ago in a variety of passive investments including some angel investments. Recently I have pivoted ...

Since your wife will actively manage the Airbnb unit for more than 150 hours a year, the income and losses from that unit may be considered non-passive, which means some of those losses could potentially offset your W-2 and 1099 income.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

I have self managed a single family and a triplex and recently bought a duplex that was being managed by the only property management company in my area. My end goal was to have property management so we thought we wo...

Some investors love heavy rehabs for higher margins, others prefer quicker, lighter flips.
What’s been your strategy lately — and how do you decide which projects to take on?

All of these can cause a partial loss but not a total loss.Capital stack- did they sell preferred, convert debt to %, or % ownership to debt, capital calls????  

I sold the Class C with a capital loss and am selling the other Class C, both bought in 2023.

Next, persons loosing jobs. 

Then I find out a week ago they sold the property at a loss, ALL my capital is gone, and Ken McElroy goes on his merry way making youtube videos about how much money he is making. 

That could put a good dent in most incomes.i believe “STR loophole” (ugh) has to be combined with something that provides large passive losses.