When sourcing general contractors (GCs) for a cosmetic flip, I recommend focusing on referrals and networking within investor communities first.

Some cliff notes:REP status requires 750 hours in real estate activities, and then after you hit that, the test is materially participating in your rental activities.If it is a short term rental with less than a 7 day rental period, if you materially participate, which could include at least 100 hours and that is more than anyone else, then yes possibly can use the bonus depreciation against other sources of non-passive income. 

I've made hundreds of friends and sourced more clients than you can imagine from doing one thing - adding value in the forums.I never once said I was an agent or where to find me.

As a dedicated real estate wholesaler, I source off-market properties perfect for fix-and-flip investments in high-demand areas.

Some areas may have restrictions that could complicate things, particularly around who can provide alcohol and to whom.If wine isn't an option, you could consider alternatives that are still local and personal, like a handcrafted bottle of olive oil from a local farm or even a basket of locally sourced snacks.

@Vincent Paventa You may want to skip trace owners of rooming houses in your targeted area and call them directly, this would probably be your best source of sound advice.

Ok so what's the best lead source then?

or as a complete foreigner? 

@Sean KirkDepending on the market you are looking in if you have a good team sourcing off-market deals you should be able to find good turnkey opportunities.

My other tip is this: don't look at real estate (primarily) as a source of cash flow.