Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

You can offset the passive losses from one rental against the positive income from another rental.Therefore, you will likely have a net $3,000 loss across all the three rentals which you would carry forward.If your depreciation was more than $3,000, you basically made cash-flow or rental income that was not taxed, which is good.Best of luck

Hi @Jessica Heller, I recommend comparing between the three to see which lender will give you the best deal. 

You can run your own credit report on one of the big three like TransUnion and bring that to the bank.

we have inventory that includes SFR, Duplex, Three unit, and Quads.Please connect if I can get you more information.  

I require they have at least one times the rent in income vs the three times I require of non-voucher holders.  

It's a Business Credit and Financing platform that has three different levels of paid membership where they help you build business credit, connect with lenders, etc.   

On Airbnb, a listing's average star rating becomes visible to potential guests after it has received at least three reviews.  

If your properties are grouped in different LLCs then one checking and savings for each LLC should be sufficient.

With our three banks I could call them today, tell them the situation you stated,  send them the projected financials.