Here are the 7 material participation tests as outlined in the IRS regulations:1. 500-Hour Test: The individual participates in the activity for more than 500 hours during the tax year.2.

What most people do not understand is many of the products made overseas when tested (not saying LL did this) they use a different product than what they produce.

With years of experience in this unique market, I've had the pleasure of working with a variety of investors, helping them maximize their returns while providing unforgettable experiences for guests.The Poconos has seen tremendous growth in the vacation rental market, thanks to its year-round appeal, driving proximity to major cities, affordable property prices, and diverse attractions.

I’m looking for feedback from fellow investors and those willing to test it out.

What does the property have that others don't to drive interest?

If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.

@Tosin Oluwatoye a good way to test out your location is to put the concrete pads down, add a 30/50 amp outlet and water line, and then rent out the pads to people who already own their own tiny houses.

Southern impression is primarily a single family home builder and their floorplans are all too large for profitability. they are overbuilding each unit and adding unnecessary things like garages that don't get you any income and only drive the construction values up. a garage on it's own isn't with much more than what it's built for and doesn't really add to the equity gain in new construction 

I would suggest they understand various strategies/methods to invest in real estate and then let that drive their next steps as opposed to the dollar amount they have to invest.

It will come, but you will likely have to drive for shopping, eating, activities.