However, for the strategy to be effective, clients must ensure that they meet all the IRS requirements, such as maintaining the short-term rental for a sufficiently long period and passing one of the material participation tests (e.g., 100+ hours of active participation).2.

Some PMC handle it themselves inhouse.Most donot, but hires an attorney and send the bill to Landlord.It all depends on what is written in your PMC agreement.That is why it is very crutial to vet your PPC same as you vet your tenants when you are self managing .

CalPERS was considered the gold standard of pension programs but it's a shell of its former self due to mismangement and unfunded liabilities.

I self manage this property.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

(Littleton, where OP is buying, is an example of this.)So as long as you work with an agent who knows the laws in and out (ahem, blatant self-promotion), and you buy in an area that currently allows non-owner occupied, you almost certain to be allowed to do so in perpetuity.

Going to try to self manage my first property and looking to lean as much as I can from those more experienced!

I self manage this property.

So get your 401k and HSA and other self directed accounts ready.

Normally at minimum an appraisal is required to verify the remaining collateral is sufficient.