Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

Been entertaining the idea of investing in Dayton but I’ve only ever been there a couple times for military training. 

Like others have said, if it is a true log cabin, most lenders will pass, including ourselves.

t show.I read your story and it leads me to believe you were dealing with a HM broker and not the lender directly cause they won't even schedule a closing unless the loan passes UW, gets voted on by committee, and then stamped with final approval. 

Lastly, the home needs to be rent ready so it can pass appraisal (cannot be under construction).

I am still leaning toward the holding company, but mainly for anonymity and passing assets down to my children.

Passing on a couple properties that have become gold.....the should have/could have....

But states are passing laws to protect uneducated people just like your 2019 self.

He bought the place for $25K from a flipper in 1963 and sold for over $1.1 million after he passed.

If the new tenant passes your screening criteria, rent to her.