These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors.

I understand they are planning to to offer recordkeeping and plan document maintenance services to Quest clients with no cost to transition. 

Collaborating with seasoned investors or assisting with deal analysis can also provide valuable hands-on experience.Good luck!

Single-family homes offer higher cash flow, lower maintenance, and potential equity growth, but may have less privacy and slower unit growth.Good luck!

Memphis, Little Rock, OKC, Tulsa, Dallas/Ft Worth, and Houston are all very landlord-friendly markets that offer great opportunities in the 200-250k price range. 

@Lake Lutes is in your neck of the woods and can assist you with identifying rental properties.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

However, we will likely need a property manager to assist with some facets of running this rental (since we would not live locally) and would primarily market it through platforms such as Airbnb and VRBO to start, (eventually setting up a direct booking process).Here's our question for those who have experience in STR's or who might be involved in a similar scenario: How challenging is it to meet the material participation hours needed to achieve active status?

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Hi Mike,I'm a Los Angeles area based mortgage broker that can assist.