However, proving material participation with a full-time job can be challenging, especially if tasks are outsourced, as the IRS scrutinizes such claims.

We’ve got one big player that probably has at least 600 units with their own rental office and full time maintenance crew.

A full back office. 3 workbooks to use in the 40 hour cI get it just like any non certified or accredited  training.. not saying its bad. but its not a state license so not governed by any state and there is no NMLS registration required..

You likely only made a down payment of 3-20% ....but you still get to write it off on the full value across 27.5 years.So 400k/27.5 = 14,000 ish a year of a write off where during the year you didn't need to incur an actual expense, no cash outflow. 

I ran a full analysis and ended up with 2/2 condo on the Gulf ( I now have 3 ).

Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

I don't want to bite off more than we can chew with managing a full reno while we learn the ropes. 

I want to work my way into anything full time because I have a decent job now but eventually i want to have real estate/construction replace my income. 

I run a full time flipping business, right now i am able to do 2 homes at a time.

It take more than 115k for a full gut reno on 1000sqft in philly. lol