Not impressed with other large institutional managers who are very light with boots on the ground and in many ways have the attidude they are assisting you in managing the property, not managing it for you.

For STRs, material participation rules apply, and STR income is treated as non-passive, allowing losses to offset active income.This post does not create a CPA-Client relationship.

Spend more than half of your total working hours in an RE business in which you materially participate.2.

I will say that communication with OpenDoor is much better than that of other institutional sellers I've worked with.

Not sure if anyone is aware of this, but Marco's partner and CFO, Ronald Fossum, was charged with fraud by the SEC fairly recently and barred from participating in any type of similar activity.

@Steve CrispIf you meet the material participation guidelines and qualify for the short term rental loophole you should get a free cost segregation estimate to see how much you would benefit from the accelerated depreciation. 

Are there banks or financial institutions that would grant a loan at less than 25% down, say 10% for someone with exceptional credit? 

I understand that as long as I have the deal, I’ll be able to source the funds from financial institutions, private money investors, and the liquid amount I have to meet all financial obligations.Looking forward to hearing your thoughts and advice!

Overseeing tradesmen while they work on your properties sounds like material participation to me.

In the end, it is up to how the investor themselves classify the lender.HML is thought of being more "institutional money".