HUD 'Fair market rent' for 44306 is $1230 all utilities included so you ought to get 950ish from section 8 if you don't supply any utilities (Hud small area fmr is 40th percentile rent in the market).

Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..

Especially since you have so much help.A rented sander and supplies will cost you about $300... all the rest is labor.

Several US markets re currently buyer/renters markets due to the increased supply of properties on market.

Months Supply of Homes for Sale increased 46.7% to 2.2 months                                                                                                          View the full Charlotte report: https://marketstatsreports.showingtime.com/...

It's a econ 101, supply and demand.

Here’s how you can evaluate the investment potential in this area and ensure it aligns with your goals:Local Market Research: Since these are new homes and there isn’t much inventory for 3-bedroom, 2-bathroom properties, you could benefit from a high demand and low supply situation.

Can I write off BOTH the moving truck that I will hire AND my entire cross-country road trip (hotels, meals, supplies, etc.) to get my car there?

For example, in AZ per flexMLS data, the rise in the number of rentals has increased from 2,000 units on 1/1/24 to nearly 4,300 listings, not counting the explosion in supply FS on the MLS.

It's a great idea in the low debt, moderate supply world.