I'm actively thinking about my target areas and possible deals, but would really appreciate if there were any groups or mentors available interested in discussing the ins and outs of favorable market locations, financing, ideal type of investments and getting that elusive First Purchase!

You’ll need to meet the 100-hour material participation rule by actively managing the property—tasks like updates, repairs, and managing bookings count.

She has informed me that she is actively working on furnishing the home to operate as a STR should I decide to proceed.I have not closed on this property yet as I'm still determining if it will be a viable investment option for me.

Also, how to prove "Spend more than 100 hours on the activity and no one other individual spends more time than you do"? 

For now I simply wanted to share some data as we head into what could be a very active second half of 2024.This is a great time to buy an oceanfront condo. 

If you are all going to be active in the business, then you can probably structure as a joint venture.

So if you plan on getting into a more active roll in real estate having cash available is very helpful.

Curious if anyone on this thread is still active?

Realtors and brokers nationwide are celebrating what they perceive as a new dawn for increased activity and a robust economy.

This means that if anything goes wrong with the property—like a tenant getting injured or a lawsuit related to the rental activities—the LLC, not you personally, would be the one held responsible.