Here are the ways you can qualify for material participation per IRS publication 925: https://www.irs.gov/publications/p925#en_US_2023_publink1000...Material participation tests.You materially participated in a trade or business activity for a tax year if you satisfy any of the following tests.1.

Most others who got their checks first and then went to get repairs done found that their checks did not even remotely cover their necessary repairs.The longer you wait to make repairs, the worse the damage gets - wet things in hot humid weather grow mold FAST.To hire a public adjustor or not - most will say yes - I say, depends on the person.

They are always publicly posted on our website, in the events here on Bigger Pockets, and on Instagram.Look for Zen and the Art of Real Estate Investing in the events for NJ here.

Government Policies and IncentivesTax Breaks: Governments sometimes offer tax incentives to real estate investors in certain areas, such as Opportunity Zones.

Few things to consider:Is it non-warrantable?

Also as a sidenote I assume you are lending on non owner occupied homes - never lend on an owner occupied property.

The supervisor they assigned to this branch frequently cites non-existent laws, delays owner payments, and the list goes on.

For whatever it is worth, we rent our STR by the month during the non-tourist season and we have a walk-through video on YouTube.

It’s just 7 miles from the beach, 2 miles from a large new hospital and medical campus, and within 2 miles of the county government offices.

If they persist or get more extreme, I can always mention the idea of non-renewing them so that they realize they need to behave reasonably to keep their home (I can't remember ever needing to do that). 5.