Thank you for your question, and thanks for using JustAnswer.com
How are you today?
I hate to be the bearer of bad news, but the management of the properties would not be passive income
Rent is passive; management fees are not passive.
Therefore, this would not help you earn passive income to offset the passive losses
Did you have any further questions? Can you see my responses?
If you have no further questions, please take a moment to rate my response as "excellent" so that I may receive credit for assisting you today