I travel to the RRG often for outdoor activities I enjoy.

In 2019 i only had handful of unbooked nights for the year and the area was active the entire year (there was no huge off season).  

There is no sewer easement or anything recorded that my active line is there. 

I honestly wouldn't even trust anything QB is telling you when it comes to taxes.You're in a partnership, which acts like a conduit to pass through the income/loss of the activity to the individual owners.

You materially participated in the activity for any 5 of the last 10 tax years.6.

For those managing active income streams—like wholesaling, flipping, or even running a real estate business—filing as an S-Corp can significantly reduce self-employment taxes.

Don't try to build a buyer's list with no experience and no active under contract.

I'm an active-duty military (retiring soon).

While Vegas might feel like a good choice because it’s closer, let me make the case for Panama City Beach or Destin—they’re the kind of spots that could turn your first investment into a major win.Here’s the thing: PCB and Destin aren’t just beach towns—they’re vacation magnets.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.