Would love to see an example of some real life qualifying activities and what you're including.

You’re likely not hitting 500 hours (one of the tests) so you’re relying on the 100+ hour and more than anyone else’s time or substantially all the time in the activity.

@John Reagan Johnson hope you don't mind a PMC answering, but most of our clients hire us because:1) They live out of state and don't have time & expertise to remote manage2) They don't have the time to manage3) They don't feel they have the necessary expertise and/or don't want to risk learning as they go and making an expensive mistake.Go read Kiosaki's Cash Flow Quadrant book.

BTW you said you have a 9-5 so keep in mind you cannot double dip on the employee 401k contribution.

@Chase McArthur would you mind sending me the excel spreadsheet you are reference to?

Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option. 

Depending on the situation, a taxpayer could offset some of the passive losses with active income.

Up until November, actively licensed VRD (Vacation Rental Dwellings) could transfer one time to the new owner.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

SOLD comps vs ACTIVE is very important.