Be kind.

W-2, 1099, etc.) with passive income/loss from my rentals (STR, LTR).AnswerThere are a few ways, but the most common for real estate investors is to own a rental that 1.) meets the IRS requirements to be considered an STR and 2.) fulfill the material participation requirements.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

It's an active business, not passive so I believe that requires continually evaluating the property, adjustments to decor, etc may be needed as well to make sure I'm fully optimizing the property.I have a lot of home renovation experience from my own personal home and my LTR's already so I'm very used to this kind of work.

If so, page 15, Section 5.01 F. should directly address your question: http://ccatax.ci.cleveland.oh.us/taxforms/common/rreff1124.pdfIf you should be buying in some other local jurisdictions in NE Ohio, be aware of RITAOhio.com.Each of the above root websites has a menu that gives you the list of participating jurisdictions for each.

you dont a good agent repping a buyer is going to go to bat for them not U keep in mind many sellers lie about all sorts of things.. not saying your that way but it is common the industry.

You may want to establish what kind of property you want as well.

Kind of annoying tbh. 

Consulting experts can help you sell your house efficiently and avoid common issues.

At least I don't have to worry about generating any kind of ROI.