.• Non-passive losses can offset both non-passive and passive income.W-2 income is non-passive, and in most cases, capital gains from selling investments (brokerage accounts, crypto, etc.) are also non-passive.Real estate losses, by default, are considered passive.There are two main ways to convert those real estate losses into non-passive losses (which is what you’d need to offset W-2 income):1.

Love the listing and the cabinets — how fun but I would suggest as well you eventually modernize and paint and create a more cohesive look.

I will eventually get into a mastermind  but for now I will stick with what I got.

Hopefully eventually rates come down again.

I'm not sure about your second question, about converting to Long term but I don't believe it will affect me. 

Are you planning to stay focused on flips long term or eventually add rentals into the mix?

He believes as I eventually move tenants into the building that I should reach out to them one by one and try to negotiate shoveling in exchange for a discount on rent during the snow season.

Lots of Airbnb owners converting to LTR in Orlando area rn

Right now I'm working with a client to get a recently acquired 8-unit fully vacant so that we can begin rehab to eventually re-rent at higher rates.

It has a 600 sq ft attic that I'd like to convert to livable space.