The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

We're likely in decent shape the next year or so, but in my mind, inflation will be key to watch. higher inflation will mean higher rates- may be good for property values if the overall economy stays strong, but inflation will likely raise interest rates. 

(the Pier or Vinoy Park.. watch dolphin swimming in the bay while running/walking or just hanging out in a hammock between palm trees) . 

Just watching the news. 

Any of the above kills the STR loophole under this "substantially all work" option for material participation.Is there a way to qualify if all my outside help was a cleaning lady for 2 hours?

All the videos I’ve watched and the books I’ve read have helped me expand my mindset and approach.

Here are a couple of methods of pipe replacement that I am aware of you might be interested in looking at.https://www.youtube.com/watch?

Third, put the money into an account temporarily for a few months, settle in, buy yourself a gallon of your favorite Ice Cream, pop on the boob tube and watch a couple of good movies.

I had a few properties when a lady that owned a cleaning company I had contracted with previously approached me about combining forces on a property management company.

We have recently partnered with Outsite.co, one of the largest coworking/coliving communities in the world to handle booking and management.The property itself has appreciated and we are watching the market to determine the best time to hold a capital event.