This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

Since you own a business, you know the importance of being hands-on, but short-term rentals will require a mix of sweat equity and automation, especially for guest turnover and property management (as an investor/broker I've worked with a lot of clients that have done STR, and are now pivoting to MTR). 

We won a Defamation Lawsuit against a client withsimilar circumstances as your situation.

During the 2008 financial crash, our clients had zero vacancies and no interruptions in rent.

*This post does not create a CPA-Client relationship.

If I can work to track the number of offers I'm making per week or per day with my clients it will drive the business not only on the transaction side but will push and pull forward the need for off market deal flow. 

They have streamlined processes and for my clients, we rarely see more than 3-5 conditions from initial underwrite and conditional approval. 

When they screen clients, I thought rental agencies check the debt?

This post does not create a CPA-Client relationship.

Seems like a safe assumption, but maybe I should add "Do you steal from your clients?!?"