The knowledge you've gained from this experience will help you avoid similar pitfalls down the road.Keep it strong and reach out if I can help you in anything.

If there is anything I can contribute or offer in exchange for some knowledge I am more than happy to chat and meet!

We have chosen to focus on large stays in our college town (Ann Arbor.) 

Quote from @Mohammad Murad: Should I take 30-year mortgage and stay in positive cash flow, or 15 15-year mortgage and stay cash flow neutral or slightly negative? 

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

I just want to know how to become more knowledgeable about the market in my city which is Las Vegas in Nevada.

Maybe the right middle ground is to stay with my current PM for now, but start testing ways to offload pieces (leasing, renewals, VAs, etc.) so I’m not locked into an all-or-nothing choice.Thanks again for the thoughtful perspective - super helpful as I continue thinking through this.

If you’re open to sharing knowledge, offering mentorship, or even letting me shadow a deal, I’d really appreciate it.

Also if you have any valuable knowledge on the topic i’d appreciate any advice.

That said, if you don’t materially participate, the losses stay passive and won’t offset W-2 income.