If I start running it as STR starting in June of this year, do I have sufficient time to meet material participation?

As @Jordan Moorhead said, make sure the renter checks out when requesting to book on the platform and use your specific screening materials or questions.  

We want to be able to create an estimate for a project and then track everything back against that estimate (Labor and Materials) to see how we are performing on each project.

Hi @Amy Davidson,To me seems like a specialty item for those building a custom home, with a builder who excels with using that material.

My hope in joining this community is to learn more from others with experience, get a better understanding of the real estate / rental market as a whole, learn best practices when considering an investment property, get recommendations on educational material, and make professional connections along the way.

I have spent more time following up with this company and their team than managing all my other properties.8- Their marketing material says they would buy the houses back if it’s not worth their expected appraisal amount9- Houses in Baltimore were sold to me as section 8 houses – they are now saying tenant is not paying 10- I have not received payment for the last house in Baltimore since April.

Leverage has no material immediate impact on net worth ceteris paribus, because Bob Safe has one $500,000 home contributing $500,000 to his net worth.

Read, watch, etc REI material.  

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.