First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

It gives you one property that can potentially pay for itself while putting a roof over your head and giving you experience as a hands-on landlord.

I know its mean to say that people who do their own contracts get what they deserve, but you must know that if you are paying a couple hundred thousand dollars for something it just might have been worth spending $600 on a lawyer to do a proper contract for you.

What is unclear to me is does the material participation need to be on each STR property or in my real estate businesses as a whole?

Navigate to biggerpockets.com/forms on your phone2.

All maintenance is also on them.

@Will Mejia Congrats on getting the property paid off and also on the income you have coming in. 

I only have one right now, so the monthly subscription is a bit hefty for me.

After the pandemic-fueled housing boom cooled somewhat in 2023-2024, the market has found a new equilibrium that presents interesting dynamics for flippers.Key statistics worth noting:- Median home prices have stabilized around $450,000, representing a 3.5% increase year-over-year- Average days on market: 42 (up from the frenzied 12-15 days seen in 2021-2022)- Inventory levels have increased by approximately 25% compared to early 2023Where to Find Flipping Growing NeighborhoodsSeveral Phoenix neighborhoods are showing particularly strong potential for profitable flips:1.

Work at establishing in-person relationships that will serve you well over time, not just one-and-done.