How do people who acquire and manage STR's track the time for their Active Material Participation activities? 

Not generating cashflow, but have reduced my living expenses and acquired an asset.So if I revisit my goals, within the next 5 years, I'd love to: (1) be in a consistent cashflow positive scenario with my STR; (2) move out of my house hack and rent both units; (3) purchase another duplex/SFH+ADU and house hack again. 

JD actively invests in the Poconos region, most recently acquiring a $5M BRRR project.

If you are ok living with roommates another option is house hacking where you buy a property as a primary and rent out the rest of the property then move out after 12 months to acquire your next one.

I would love to hear how many rentals you ended up with and how you acquired them?

(But A class usually doesn’t cash flow because you compete with owner occupants to acquire).

As of now, many potential sites were either identified by broker/developer or too expensive to acquire.

I'm thinking about using a HELOC to acquire the property and then refinance to pay back the balance.

Hello Shivani, Lenders allow you to use 75% of your lease agreement if you acquired your property within the last 12 months and have not filed your tax return for the year when the property was acquired.

I suppose I should have specified, but I am looking to invest in the US as the limitations and opportunities in Canada for the criteria I am looking for; Class C, Construction 1980's and newer, Price $12M-$17M, with 100 units or more is highly challenging to acquire, here in Canada.