Quote from @Allen Masry: Quote from @Chris Seveney: Do you want to be active or passive ?

If the investor is actively involved and can stay on top of materials, roll with it!

They are much less restrictive than other municipalities in South Florida that are actively trying to reduce the number of STRs.Let me know if you'd like to talk further on the topic! 

Passive Activity Losses: Are there ways to offset my W-2 income with rental losses, or do I need to qualify as a real estate professional for that to work?

I’m open to brokerage inquiries and excited to contribute my skills to the local market.What I'm Looking For:I'm actively seeking "live and flip" opportunities to kickstart my real estate portfolio in Arizona.

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.

Also, my brokerage has a handful of investor clients that actively run MTRs and STRs in the area. 

I would suggest picking someone with the most forum posts or the most/best reviews that way you know they are actually active!

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?