I'm preparing to repair/replace HVAC and plumbing.

Then you need to materially participate in the activity, here are the tests to meet MP: https://www.investopedia.com/terms/m/material-participation-...I recommend tracking your hourly diligently in a material participation time log.

Have you experienced this problem or is this a hypothetical preparation conversation?

Real estate can be lucrative, but it's also important to be prepared for unexpected expenses and market fluctuations.Remember, patience and perseverance are key.

That is to be expected and you need to be prepared to cope. 3.

Here's a pretty thorough list of what needs to be done to prepare for heat treatment and what can't take the heat.  

She is also a licensed tax preparer. 

But if you were planning to house hack for a long time there then I’d think it would be a better option then renting.Things id be aware of house hacking anywhere near Boston:-Make sure you pick a town with a decent renting pool-Appreciation will be your best friend, not cash flow-Be prepared to spend on renovations always happy to share my experiences or resources if you want to connect! 

As you prepare to rent it out, it’s great that you’re thinking ahead about the legal and paperwork aspects.

No test, no experience, nothing else needed (beyond an insurance policy number to complete application).