Meeting the material participation hours is absolutely doable, even with a property manager, as long as you stay actively involved in key tasks like marketing, bookings, and bookkeeping.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

Customer supplies materials ?  

So, scope out the competition on #1 & #2 above to understand what the rental or sale market expects.- You will lose money if you go overboard!

Does anyone have experience with Ivory Home’s predesigned materials packages?

Hello BP Team…We have a contractor that left after the 2nd Draw and stole materials.

Does anyone have any good studying material for this exam or have any insight on what I should focus on?

This is the only app I can find customized for tracking your hours and that of your cleaners, handymen etc... Anyone have any experience with it?

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

Quote from @Michael Ewers: Hey y'all, Wondering what is the best marketing strategy for obtaining off market leads?