IRS pub 425 says, "Passive activities include trade or business activities in which you don't materially participate.

Look up your states rules for activities requiring a real estate license. 

His book is next on my list; just looking for ways to actively do something (and to your point, relevant to the market I’m looking at).

Hi All - I've seen quite a bit of confusion on the application of the Passive Activity  Loss Rules and Short Term Rentals. 

There are so many opportunities out there in the real estate industry, stay active and engaged.

I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM  who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.

Hi, I’m trying to decide whether I continue to actively invest in single-family (or small multifamily) long-term rentals or invest with a multifamily syndication.

It seems like San Jose is an active enough market to do MTR, but that's a guess, not market research.Mike

I'm planning to actively pursue my first investment property in January and am interested in a BRRRR strategy.

If you've sent notices, allowed the required time, no response, no activity, no water, no rent, garbage left, no sign of anyone.?.