Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

I paid the $4600 for new unit (labor and materials), didn't file a claim since it might cause my insurance premium to go up. 

Losses from AirBnB are considered nonpassive for the purposes of Passive loss limitations, as long as you can show "material participation."

@Austin Wood Did you have something in your application or marketing material that indicated you did not allow smokers? 

Additionally, I've invested countless hours in watching educational YouTube videos, listening to podcasts, and extensively reading relevant materials on these topics on the internet.Responding to some of the questions raised on Lisa's case:1.

Also the material and strategies are a bit dated as the course was written around 2000 or 2001.

You do realize that material and labor is for $500 right?

Hi All,Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation.

There is no time cap on the $1M mark.I have immersed myself in many educational materials over the years and plan to continue doing so wrt multi-family RE investing.

@Parker Eberhard Thank you for the insight into the construction process, as a contractor, I am sure you see all kinds of pricing for labor and materials.