Nice try though.Myth 4: I'm hands-on, so I materially participate"Material participation" is defined by the IRS, not by your Facebook friends and not by YouTube gurus.

There are multiple ways to qualify for "material participation" but this would help to keep someone else under 100 hours. 

I"m a big fan of Xero as an alternative QuickBooks for rentals mainly due to much lower cost and still having a robust accounting software.

It’s great that you're exploring private equity as an alternative to traditional lending due to your religious considerations.

Also, the house is being fully redone top to bottom with good rental and good flip materials for the B community that its in so repairs should be less common than most.The market here is very hot still and this likely would sell quickly.

The last time I did an insurance MTR it involved my work truck, an alternating current generator, 150 feet of extension cord, a sawzall, an appliance dolly, my 14 foot trailer, a house with fire damage and a $3000 Samsung French door fridge.Don't expect to make any money without doing any work.

Alternatively, you could group higher-risk properties in one LLC and lower-risk ones together, reducing the burden.

Spend more than half of your total working hours in an RE business in which you materially participate.2.

Considering how crazy the real estate market is here in Florida, I've been evaluating alternate means of sourcing potential investment properties, one of those being tax deed sales.

Alternatively, I also help landlord/investors rent out their properties and can help place tenants (complete with the application/screening/viewing process).