I would have said" refresh your calendar at least every 3 days" but, if you are syncing your calendar with your airb listing..well read on I was immensely disappointment when speaking with a rep from FURNISHED FINDER to hear that FF allows for Airb listings to sync their calendar with FF.

Seems very questionable. update: I spoke to a rep from the company who provided more detail on their turnkey project.

Choose to conduct due diligence in-house, hire a third-party company, or utilize the property management company.

An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k) , and I could take the year to repair/renovate, manage, rent, repeat the units in the MF qualifying for REPS status (50%, 750hrs, material participation, etc). 

Once a taxpayer meets the REP status, do they need to materially participate in each property?

Last question, you are hiring an architect and submitting plans to the city in a renovation like this correct?

For more info, check out the law itself AB968: https://legiscan.com/CA/text/AB968/id/2764362 https://www.car.org/riskmanagement/qa/New-Laws/2024-New-LawsAll of the "owner-builder" folks that would get permits for work and then hire unlicensed, uninsured, discount companies to do the work for as cheap as possible will pivot. 

But you should consult with your tax advisor on that piece.You do not need to be a realtor to qualify for real estate professional status (REPS). 

Once I got a second LLC and STR it wasn't easy to manage by myself or setup without hiring someone so I looked at Stessa and Digb.

I was told from a rep that if I could get someone to sign a lease agreement for about $3,200 - $3,600 per unit, I would qualify.