The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.

Instead of waiting for others to reach out, take the initiative and actively seek out the top wholesalers and providers of off-market deals in your area.

The LLC has to do the 1031 exchange because that is the tax return reporting the activity of the property. 

He hasn't been active for a while, but look at his page - https://www.biggerpockets.com/users/scottroyalsmith 

Looking forward to being an active member of this community.  

Additionally, my wife and I plan to retire in NC (still a few years out from that ; ) but we're actively planning and focusing our investment strategy in the Raleigh-Durham area.

Quote from @Sandeep K Mamidi: We have over the years bought and sold several rental properties in FL, AZ and TX (Pretty Passive)Want to become more active with Flips and grow our wealth using innovative strategies and expand into Multi Family Real EstateCongrats.

Be sure to track your activities.

Start small with manageable properties, mitigate risk with house hacking or partnerships, and stay active in the community.

I would also be aware of any state laws related to cryptocurrency that might be active in your market.