There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

A good tax professional won't just put a number on a line because you told them to; but if they're reporting something differently for a valid legal reason a good tax professional should also be able to explain to you exactly why. 

Readers should seek professional advice.

Readers should seek professional advice.

Handing it over to a professional PM makes for a clean break, but you may be better off hiring a part-time assistant.

For a select few, this can be true, but wholesaling is much harder to get off the ground.

Readers should seek professional advice.

If your guests had a problem with the chemical balance of either of these and had a medical problem you can deflect the blame to the professional company you hired to maintain these.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My fiance and I are in a unique situation as I play baseball professionally, and she works online and plans to live with me during my season.