#10)  The birds provide a free, natural alarm clock!

Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

If you work 40 - 50 hours a week in a full-time W-2 job I'm not sure how this would create a conflict with claiming that you meet the 500-hour material participation rule provided you are completing the hours that count toward material participation. 

If you could be so kind, please provide me a list of benefits I would gain with a Property Manager.Again, thank you for your feedback.

Tom, Based on what you've provided, if the property was held over one year, you'd be subject to the long term capital gains rates and any depreciation that you took on the property in the past would have to be "recaptured" (Added to your income) at the short term tax rates (but it will not exceed 25%). 

Many times, hosts think the company or broker provided a STR policy just to find out when a claim is made there was a little sentence in the fine print that stated any STR activities canceled the policy out.

You can easily look them up on the NMLS site  https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPAN...

The platform aims to provide investors with everything they need to run and scale a successful real estate investment business in one place.

There are also several funds out there that provide high single digit yields that are low risk.