So now I mainly just use it for the rent collection, and I use Zillow, craigslist, and Facebook Marketplace to advertise my rentals.

For midterm bookings (1-3 months) we list on Furnished Finder and market the property in Facebook groups designed for travel medical professionals and landlords to connect. 

He was thinking I needed to meet the rep status but no way was I because I had a w2 that year.So, track your hours for material participation and work your w2 without fear.

You can also find real estate investing groups through meetup.com, facebook, or a Google search.

I'd recommend searching on Facebook for Bay Area Real Estate Investor meet ups. 

I run an AirB&B (with superhost status) in my home so am accustomed to sharing my space with others and being respectful of other's personal space.

You likely won't be able to offset the rental loss with your W-2 income unless you can claim real estate professional status or operate it as a STR and self-manage it.The answer won't change even if you own the property inside of an LLC.Best of luck.

Financial Preparation: Determine how much you can afford to invest and evaluate your present financial status.

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

Value add, which means a non-performing asset wouldn't even achieve a yield on cost of 7% after rehab and brining it up to performing status in Dallas.