Our job is to provide you assistance. 

@Jeff G. some well intended and mostly true assistance posted so far.Let's look at "logical" answers:We're going to assume only 4 Classes - A, B, C & D.- Some people go to F, but what's the point?

Collaborating with seasoned investors or assisting with deal analysis can also provide valuable hands-on experience.Good luck!

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

However, we will likely need a property manager to assist with some facets of running this rental (since we would not live locally) and would primarily market it through platforms such as Airbnb and VRBO to start, (eventually setting up a direct booking process).Here's our question for those who have experience in STR's or who might be involved in a similar scenario: How challenging is it to meet the material participation hours needed to achieve active status?

Although you cannot sell real estate without a license, you can learn a lot by assisting an agent, shadowing client appointments, etc.

Hi Mike,I'm a Los Angeles area based mortgage broker that can assist.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

I’d be happy to connect and assist in any way I can.

During the tour, we will guide you through several key areas where we actively invest and showcase a selection of available properties—many of which are off-market opportunities.Courtney, who leads my investment team, can assist you further.