I'd been hoping to not "go overboard" since it's just an owner-occupied house hack in a SFH so it sounds like I *could* keep things simple.This isn't so much about the software but I saw you're active in LA; did you find that the templatized leases via KeyCheck/Rocket Lawyer suited your MTRs? 

Confidence.Real estate confidence can come from networking with other real estate investors at meetups and realizing that most investors aren't on social media.

Instead of waiting for others to reach out, take the initiative and actively seek out the top wholesalers and providers of off-market deals in your area.

If you are pursing that path then one spouse alone must meet both tests.Qualifying hours for the 750 include time spent working on the business activities mentioned above.Again, more than 50% of your time means this is way more than a hobby.

The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.

He hasn't been active for a while, but look at his page - https://www.biggerpockets.com/users/scottroyalsmith 

The LLC has to do the 1031 exchange because that is the tax return reporting the activity of the property. 

Looking forward to being an active member of this community.  

Additionally, my wife and I plan to retire in NC (still a few years out from that ; ) but we're actively planning and focusing our investment strategy in the Raleigh-Durham area.

I would also be aware of any state laws related to cryptocurrency that might be active in your market.