Ranch Real Estate and 10+ year hold transitional real estate have very low annual yields. 0.50%-1.5% cap rates.Ranch real estate historically appreciates 4-6% annualized (excepting many anomalies in 2020,21,and 2022) so that basically becomes appreciation only.I don’t believe any pension funds or institutional asset managers invest for appreciation alone.

I’ll eventually want to transition it into a real thing, but towards the direction of short-term and midterm rental.

I like the idea for diversification and a transition to something bigger than what I currently do (house hack and I would like to know if there are any nuances to this type of investing that I should be aware of.

I have a house in Fort Worth Texas, that I am trying to sell, but it is not selling the way I would want it to (beautiful house in transitional neighborhood).

Even during the transition to RES, we see PMCs routinely ignore emails, answer half the questions, answer with poor etiquette and low professionalism, etc. 

*manage the transition from you to the assignee carefully as to fully disclose to the seller but to not make them irritated.

Thanks, I'm actually transitioning to retail/industrial

Management decisions that count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and similar decisions.This means that I have to work with property management teams to hand over some of the “decisions” for my rental property.I am working full-time with a W2 income, and I want to know how I can maximize tax incentives while I am transitioning to being a real estate professional which is defined as the following:Qualifications.You qualified as a real estate professional for the year if you met both of the following requirements.More than half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.You performed more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Real property trades or businesses.A real property trade or business is a trade or business that does any of the following with real property.Develops or redevelops it.Constructs or reconstructs it.Acquires it.Converts it.Rents or leases it.Operates or manages it.Brokers it.Basically, I need a CPA who can work with me and understand my situation fully.

This was to ensure that I was able to supplement my income and allow for a smooth transition. 

I personally have learned a ton from reading the BP forums and networking with others who were transitioning to full time real estate.