The thing I like about lots/land is there is a lot less emotion involved compared to houses. 

Then I purchased my own rentals that are all clean BRRRRs and grew my rental portfolio to over 7 figures.

According to this if i end up purchasing a house that the agent is involved, he will get his commission.

Appraisal comes back clean and not 'subject to' (your lender can help here).

My focus is on Georgia, where I plan to build a diverse portfolio across various parts of the state.My strategy involves long-term rentals (LTRs), buying and holding properties, and seeking both cash flow and future capital appreciation.

I've had success here in CO by sending an itemized invoice and demanding payment with a nice note that if they don't pay I will be getting collections involved.

I'm just starting to get involved with REOs myself so great topic, btw.

Hello Thomas,Were you involved with the creation of the fund you work at currently? 

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.

Multiple FTF people involved in the process, found all of them highly responsive to getting the deals closed on time.