From: https://www.irs.gov/publications/p925#en_US_2022_publink1000...Qualifications.You qualified as a real estate professional for the year if you met both of the following requirements.More than half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.You performed more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Don’t count personal services you performed as an employee in real property trades or businesses unless you were a 5% owner of your employer.

And if you're wondering about demand for that house @ 499k, 40 units in this development came on the market as part of the next phase of this development a week ago, all but 4 are pending and most didn't even hit the public market but were scooped up prior to.  

the public markets also present a great opportunity, especially now. 

We host 25 investing classes each year free and open to the public.

You'll need to schedule an inspection with the local public housing authority (PHA) to verify compliance.Follow fair housing laws: As with any rental, you must follow all federal, state, and local fair housing laws.

All this info is public data and strongly recommended due diligence.  

This is a Public Service announcement. :-) Not to worry, the public will move to where they can afford to live and that will affect prices up & down the scale. 

.- Robert-Lee don't buy in rural anywhere. property values are lower, rental interest is lower, new construction comps are harder to come by. we build in Columbus Ohio and the things I look for are subdivisions within 5 miles from a large builder delivering at least 2 homes a month or more, 30 miles or less to the city center, public utilities, no flood plain, etc.

It used to be publically available from an active realtor on Bigger Pockets, but now I can't find it.

Being an agent is great, you get a deeper insight to the market and see things come up before the public.