Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

I own property and have no children or real persons that I want to inherit my property after death.  I do not want to use a will or trust to designate inheritance after my death.  Instead, I have established a donor a...

I always chuckle when people ask for a 'Investor friendly Contractor'.....do they really think there are Contractors out there that automatically lower their prices by 20% just because an investor calls....? 

Make sure there are no automatic renewals or hidden fees that could catch you off guard.

Therefore, it can't add automatic late fees, send email reminders or track per property. 

But here’s the thing: just because someone has an EA or CPA title doesn’t automatically make them a perfect fit for what you need.

The issue for me is that the Stessa Pro could not automatically categorize transactions.

Poor wording in the original post.I emailed the CPA and said that the advise does not seem to be correct and received the following response:"Forming an LLC alone doesn't automatically turn passive losses into active losses.

Maybe with automatic payment stuff and you can request changes to your credit card due dates, you can take as much advantage of the float.