CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

The only information I had to go on was with the last Lender informed me so maybe it was specific to the company they were with.

We're often helping each other problem solve our listings or helping with specific situations that are occurring at our properties.

Just because you want to hit a specific number doesn't mean the market will meet you there.Great example of how Class C properties may appear like great cash flowing investments on paper - meaning fully rented, paying on time and normal levels of maintenance.

It is specific to the area.

I keep finding conflicting information and the IRS website doesn't specifically mention using an RV as a STR.

@David Lewis if you wanna chat rental rates and market specifics in some of the micro markets mentioned above I'm happy to.

Have you considered specific local market conditions?

Does that operational aspect have to devour all cash-flow, no not necessarily but it could, all depending on situation specifics right.