I'm glad to connect and see if I could be of benefit to you in regards to advice on your investment and any other potential questions you might have.

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

@Joseph Henry Renting could net you $2800/month and offer tax benefits like depreciation, but you'll face future maintenance costs for the furnace, A/C, and roof.

Try to see the big picture when getting started - maybe seeking private / hard money to get in to the deals where there is more profit potential could benefit you.

Granted, they had the benefit of relatively low purchase prices relative to rental income; low interest rate loans they were able to refinance into and (generally) rising house values.  

Hello everyone,Relatively new RE investor here.

In some states there may be some benefit, but personally I have not seen a reason why a land trust was ever needed. 

Established flippers have the resources and networks to build close relationships with contractors, making it relatively easy to coordinate compliance at minimal cost.

Lower risk and much greater opportunity to scale while keeping within a relatively small geographic area.

I'd like to be your contact for anything REI related in Memphis, TN.