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Updated over 9 years ago on . Most recent reply
Getting to be a Real estate professional with remote investments
Hello,
I am looking at turn-key investments out of state and was wondering about if it would make it more difficult to get, when the time comes, to be a Real-estate professional, recognized by the IRS.
I understand there is the 750 hours/year + > 51% requirements, so theoretically I could be investing anywhere, but obviously not being in the area means I must rely on property management and others to do some of the work, so does it make it more difficult to get when investing remotely (in a way that the IRS will accept, of course)?