Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

You are venturing into the area of requiring tax strategy advice.  

Hey Everyone I have a specifically random question.What is the process to getting a Line of Credit to a Mobile Home Park that is in a Joint Venture?

Because of lack of understanding I will not venture a time estimate.  

Regarding remote managing, in our 24 years of experience, dealing with hundreds of investors, what we've had to bail DIY Remote Investors out of is mostly Class C properties with some Class B.So, in our opinion, one can remote manage a Class A property fairly easily if you are organized.Class B requires more organization and knowledge, to avoid tenants taking advantage of you.Class C should NOT be done DIY - hire a PMC!

Alongside this venture, I thrive as a Feature Producer for the esteemed sports show, Inside The NBA, bringing stories to life on television.

@Michael ChavisAs a novice investor venturing into the real estate realm, immersing yourself in a community of like-minded individuals is paramount.

Hey BP Family, I'd love your insight on this.I'm currently weighing two intriguing options: house-hacking a 4-plex or venturing into the realm of MTR with a single-family home or duplex, particularly for renting to travel nurses.

Hi Lamar,  Acquiring rental properties can be a rewarding venture, but it's important to approach it with careful planning and consideration.

Hi Everyone, I recently ventured into real estate investing and purchased my first property a few months ago.