Is it realistic to pass material participation test if the property located far from primary residence, like vacation rental?

You may be able to factor in certain improvements to your personal residence so when you do move out, you can be eligible to depreciate it.

But as a property grows in size your rent/sq ft generally decreases.And right now the profit from that primary residence is tax free!!!  

Investment Info:Single-family residence buy & hold investment.

It's been a great privilege to work with the City of Maple Heights to establish the egress window codes in alignment with the Ohio Building Codes, so the residents can begin to have safe and beautifully renovated properties when there is such a need.

The one big hesitation we have is that it seems like you can not deed the title into an LLC (for asset protection).

Reinforce entry points with security bars, and consider a monitored alarm system or joining a local neighborhood watch for extra protection.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

.- Insurance: Short-term rental insurance (beyond renters') can protect you from guest-related risks.- Licensing or Permits: Check if your area requires permits, as some cities have fees for short-term rental operators.Breakeven Analysis: To calculate your breakeven occupancy rate, add all monthly expenses (rent, utilities, cleaning, insurance, etc.).

Investment Info:Single-family residence buy & hold investment in Jackson.