There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

There are multiple implications- so it's best to work with a qualified professional to figure out what best meets your specific situation without unexpected consequences. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We’re trying to secure coverage for our LLC to protect against situations like missed disclosures during a sale, professional negligence that may affect a future buyer, etc.

Meticulously updated by professional investors, it boasts an open floor plan leading to an enclosed bonus room with a full bar and chimney.

@Steven Catudali don't understand the value that he is bringing... those are all just items you can pay a professional for. 

Readers should seek professional advice.

I also utilize BP calculators through my professional account to underwrite deals.

On Monday afternoon, the PM had a cleaner go to the house just to check and see if the water was still not working, which it was not.On Tuesday, the plumber got to the house to find it had been flooded due to running water from a sink faucet in a 2nd floor bathroom.

.✅ Set aside funds for legal or professional fees if needed.4.