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.

Also note the condition of the unit, room by room, on the move-in check list.These are your primary defense EVIDENCE exhibits to be presented in court to counter the tenants claim(s) of non-habitable condition.

Should the debtor be unwilling or unable to pay within the described time allotted, the note holder can foreclosure.Depending on state law foreclosure can be judicial or non judicial.  

I think a lot of people like using the platform since even the primitive sites offer more space and privacy than a 'typical' public campground where you can hear the next guy snoring.   

If they see that youre generating cash for operations via a non-RE business activity, it could be an issue.

Also I never buy anything from anyone on facebook, while you may think "hey whats $20", its learning to know who is and is not honest in this space and people like this typically are not going to be honest.

Although they can't leverage the losses to offset non-passive income, like someone with REPs, there's still the opportunity to use the Suspended Passive Activity Losses to offset cap gains on sale or offset other passive income.

It is perhaps my favorite meetup that is not associated with a larger group (such as SDRE, NSDRE, SDCRE).For the most part the lenders only lend on non owner occupied ADU, at low percentage of ADU addition costs because they know that usually the value extract will be significantly less than the ADU addition costs.  

Is it in a Revocable trust or non-revocable? 

Happy to have a conversation as I have extensive experience working with non-US citizens.