I'm an active investor in Indiana; I'm in several of the markets you mentioned. 

Quote from @Greg Jeanfreau: @Vante Jay As with juat about everywhere else in the country The New Orleans market has many many active investors.

If they see that youre generating cash for operations via a non-RE business activity, it could be an issue.

Wholesaling and flipping is going to be a lot more time consuming and active type of investment where building a portfolio of rentals can be a lot more doable while also working full-time. 

@Jonathan Greene we've been promoting this tactic for over 15 years:)

Only thing I can think to do is call Vrbo or Airbnb and explain the situation and see if they would allow you to create another account that maybe isn't active to use until the other accounts are shut down?

Due to the low amount I will owe to the hard money lender I want to get a HELOC to find and fund other deals but when I am not actively doing deals I want the cash flow.

To clarify my assumption about current equity: most transactional activity in the area has been new construction and established neighborhoods of "better" quality.

Turns out the Landlord entity, operating property, doing leases, doing all the activities, is themself leasing the properties on an enhanced NNN basis from a separate entity. 

Hi - are there any scenarios in which mid-term rental income/losses can be considered as active income rather than passive, besides when one has REPS status?