This tells the algorithm that people are interested in booking your property, even if they don't book it. 

Basically could say im a street kid who abandoned all the ******** and people from that life two decades ago and I desired more and achieved it both in monetary and goodness.

I’ve mentioned it to people at work and some friends who are moving to the city, but my place is either too far for them, or they prefer their own space.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate wouldn't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.

Never flipped, but I know there are people doing it. 

These are people that are property managers not asset managers.

Almost immediately let it lapse and have not renewed.Like Bruce noted, unless you want to represent other people in transacting real estate, you don't need it.  

More people see your property, the higher likely hood of securing a tenant in a quick amount of time (all things equal).

Old thread but we opened with Frost Bank, my representative had to consult with many people but finally we opened child subseries LLC.

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant.