This is a crucial detail to know when you're investing as an active or passive partner.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

Note: I am under the impression that me material participating in this exercise will fall under the "Real Property Development or Redevelopment" activity, thereby allowing me to cost segregate the home construction cost.

*Or is the only way to achieve this is to provide additional value added activities other than the typical cottage appeal/attractions?

**Home Equity Loan or Line of Credit**: If there's enough equity in your other rental properties, you might be able to tap into that to fund the auction.Act quickly to explore these options, as timing is crucial to secure the deal.

If I directly hold rental properties under the 401k, and only use this account for operating activities, I need to be able to send out wires for property earnest money and down payments, and also provide the account number to my property manager if I need to make a contribution or if they give me monthly rental distributions.

I've signed up for meetups and I'm actively building my network with like-minded individuals. 

In July two of them  had problems deemed by airbnb to be de activated.

Please keep in mind under section 469 you have "active income" and "passive income".

You’ve got lake activities in the summer, foliage drives in the fall, skiing, snowmobiling, ice fishing in winter, and of course great hiking year round.