Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..

Hire an Experienced Real Estate Agent: A knowledgeable agent can guide you through the process and help you avoid common pitfalls.4.

I have always thought this was an interesting proposition for STRs.I think it would make more sense if you had a few in an area with a common theme.

However, this is less common and highly lender-dependent.Using income from an unpermitted ADU is typically not allowed by lenders for qualifying purposes.

Get creative, buy a $200 security system and place them facing the common areas and exterior of the property for the tenants safety.

It is common misconception that the limit is 10 conventional loans. so, folks will say will lets do a DSCR loan on this one to save a slot for a conventional loan.

In your experience, is it common that tenant screening is not required by a landlord policy offered in the US/Colorado?   

This is common practice. 

Common, I know, but the question that I can’t find an answer to is whether I can purchase a $100,000, 0.5 Acre lot and build a $344,000 ($86,000 per unit) on the lot as my first homebuyer’s FHA loan. 

with help of AI:for a room to be legally considered a bedroom in California according to building codes, it must meet the following key requirements:Entrance: The bedroom needs at least two methods of egress - it should be accessible from inside the house (commonly through a door), and have one other exit like a window or door.Ceiling Height: At least 50% of the bedroom ceiling must be a minimum of 7 feet in height.