Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Current lease agreement says tenants will cover utilities. 

I'm most concerned about vacancy due to the higher price point of furnished and if it may be a better idea to lease unfurnished/ long term. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Terminate the lease, clean the place up, and find a new renter. 

One of the tenant’s lease expires on 10/24/24 in less than a week.

It also included storing the items. 

For the management portion of collecting rents, posting notices, or getting units leased - this same owner had his son/partner do that portion. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I signed a one year lease and moved out one month early.