This is more of a tax planning matter, so it would involve working through several specific questions to tailor it to your situation.

Anything beyond that is going to have destructive consequences for everyone involved.  

If an agent is involved your chances of having a meaningful conversation with the seller is limited. 

What is the risk involved?

You materially participate in an activity if you're involved in the operation of the activity on a regular, continuous, and substantial basis.

I'm considering applying the BRRR method to my own home, without renting it.

I’m really excited to get involved in the community and learn about different markets across the country.As a first-time homebuyer and investor, I’m curious about which markets might be good for starting out.

@Heather Luu  the first thing that comes to mind is if that check was from the insurance company or insurance company funds, it might be time to get them involved.

You could also qualify if you spend more time on the property than anyone else involved, regardless of hitting 100 hours.Ex. managing contractors, handling bookings, setting up the property, or dealing with guest communications, you might meet the material participation requirement without needing to track 100 hours.The key is to document everything.

You’ll need to experiment with these variables until you find a method that works.These days, I’m fully invested in Google Ads, which doesn’t require data extraction and allows you to pre-screen people.Additionally, to monetize the leads, you could make a deal with a broker to get a finder’s fee (they can split the commission, but only if you’re a licensed broker).